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. It appears that the sale process will be starting soon as Alex Sherman of CNBC.com wrote the following…
“WWE has hired JPMorgan to help the company advise on a potential sale, according to people familiar with the matter. JPMorgan declined to comment. A WWE spokesman couldn’t immediately be reached for comment. 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.”
Sherman noted a deal to sell WWE would likely happen prior to the television rights renewal negotiations which are expected to take place in mid-2023. It’s believed that WWE will talk with potential buyers first before making a decision on the television rights renewal agreements. There are said to be three categories of likely buyers for WWE including legacy media companies, streamers, and entertainment holding companies.
Comcast, Fox, Disney, Warner Bros Discovery, Netflix, Amazon, Endeavor, and Liberty Media were listed as the most likely candidates to buy WWE.
The long-anticipated WWE sale process is upon us.
I’m told JPMorgan has been hired to help lead sale talks.
Here’s a list of potential buyers: https://t.co/s2lE56L9nL
— Alex Sherman (@sherman4949) January 7, 2023