Endeavor CEO comments on the possibility of his company buying WWE
As previously noted, Vince McMahon has been reinstated to the WWE Board of Directors and is looking into the possibility of the company being sold. Endeavor, the parent company of UFC, was considered to be one of the front runners to buy WWE.
During a media call, Endeavor CEO Ari Emanuel commented on the possibility of buying WWE…
“As it relates to WWE, it’s an unbelievable product. Vince is an unbelievable… he’s created a great business. We’ve had a long standing relationship with them over two decades. We’re doing, as I indicated, the On Location business with them, The Endeavor Streaming with them. You know, his business is really valuable, but we’re not going to do anything as it relates to changing our leverage position right now.” (quote courtesy of PWInsider.com)
Endeavor CEO Ari Emanuel on $WWE on today's $EDR call sounds like he doesn't want to take more debt:
"[WWE] is an unbelievable product… [Vince McMahon's] business is really valuable, but we're not going to do anything as it relates to changing our leverage position right now." pic.twitter.com/iUqfMWwpUD
— Brandon Thurston (@BrandonThurston) March 1, 2023