After returning to the company last week, Vince McMahon regained control of the company’s Board of Directors as the Executive Chairman of WWE, following Stephanie McMahon’s resignation. This made fans fear the worst for the company for a variety of reasons.
Barron’s, a publication of The Wall Street Journal, reported that WWE could be sold for more than $105 per share, which implies a 46% gain from the closing price on January 5, prior to McMahon’s return.
“We think… market consideration related to the value of live content creates an optimal setting for an acquisition attempt,” wrote Benchmark’s Mike Hickey, who believes WWE could fetch more than $105 per share, which implies a 46% gain from the closing price on January 5, before McMahon said he wanted to return.
Barron’s
Barron’s notes that this range makes the most sense as a price of around $102 would value the company at 22 times the $410.4 million in earnings before interest, taxes, depreciation, and amortization WWE is expected to record in the fiscal year 2023. In 2016, Endeavor paid $4 billion, or 22 times adjusted EBITDA, for UFC. We’ll have to see who WWE will end up getting sold to in the future.
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