Vince McMahon is on the board.
Vince McMahon returned to the board of directors this week in an effort to help secure new TV rights deals for Raw and SmackDown ahead of the contracts expiring in September 2024, as well as to look for potential bidders interested in buying the company. Today, Alex Sherman of CNBC reported that “WWE has hired JPMorgan to help the company advise on a potential sale.”
They went on to say; “If a deal occurs, it would likely occur in the next three to six months, said the people, who asked not to be named because the discussions are private. WWE plans to talk to potential buyers before it makes a decision on TV rights renewal agreements.”
CNBC speculated some potential buyers for the company such as; Comcast (NBCU’s parent company), Netflix, Amazon, Endeavor Group Holdings (UFC’s parent company), Warner Bros. Discovery (TNT & TBS’ parent company), Disney, and FOX could be potential buyers.
We’ll continue to update you on this matter.
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