A key obstruction to selling may be easing, according to the latest report.
World Wrestling Entertainment (WWE) is looking to finalize a sale despite previous doubts that longtime Chairman Vince McMahon would be willing to sell.
But CNBC’s David Faber described the negotiation process as “hot and heavy” despite McMahon owning almost 40% of WWE and holding more than 80% of the voting power.
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“Is there private equity interest? Yes. Perhaps in association with big names in the sport? That’s a possibility,” Faber said Tuesday, while noting that WWE has a couple of attractive turning points in the near future. , including Wrestlemania and its expiring television. contracts
“However, a key here remains McMahon’s actual willingness to sell,” Faber said.
WWE Sale Price
There were reports last month that McMahon was looking to sell the company for up to $9 billion.
WWE’s majority shareholder McMahon returned to the company in January as CEO and is beginning negotiations for a new television deal.
Potential buyers include Endeavor Group Holdings (EDR) – Get a free reportand others in the Middle East, according to Bloomberg.
At 77, McMahon is overseeing a strategic review of the company, having originally left WWE in 2022 after revelations that he had settled millions of dollars in sexual misconduct claims.
