WWE Sale reportedly happening in “not-too-distant future”

Over
the
past
couple
of
months,
there
had
been
tons
of
speculations
regarding
whom
the
Chairman
of
the
Board
will
finally
decide
to
sell
his
large
amount
of
stocks.
The
official
announcement
is
yet
to
arrive
but
it
should
happen
sooner
than
later.

CNBC
analyst
David
Faber
gave
the
latest
update
on
a
potential
purchase
of
WWE
about
which
McMahon
remains
laser-focused
since
the
media
rights
negotiations
would
also
be
underway
for
Monday
Night
Raw
and
Friday
Night
SmackDown.

Faber
stated
that
the
WWE
sale
process
is
expected
to
“conclude
in
the
not-too-distant
future.”
While
the
process
isn’t
reportedly
live,
it
is
“going
quite
well,”
backstage
as
the
global
sports
entertainment
giant
gears
up
for
its
annual
spectacle,
WrestleMania.

“From
am
hearing
from
people
close
to
the
situation
that
it’s
a
pretty
good
sales
process
with
some
saying
it’s
hot
and
heavy.
Those
who
were
even
somewhat
doubtful
in
fact
that
you’d
get
to
a
sale
at
the
end
seem
less
so,”
Faber
further
noted
about
the
current
situation.

It’s
a
battle
royal!

@davidfaber
reports
multiple
parties
are
in
the
ring
for
a
potential
sale
of

$WWE
pic.twitter.com/LuoqfLIHpH

—
Squawk
on
the
Street
(@SquawkStreet)

March
28,
2023

The
reliable
source
also
discussed
potential
bidders
to
take
over
the
WWE
namely
Endeavor
(parent
company
of
the
UFC),
private
equity,
and
the
Saudi
Arabia
Public
Investment
Fund.

It
was
also
noted
that
Comcast
(parent
company
of
NBCUniversal/USA
Network)
is
not
in
the
race
despite
having
multiple
billion-dollar
deals
with
WWE
for
Raw
and
NXT
in
addition
to
the
WWE
Network/Peacock
deal.

Also,
it
was
added
that
while
the
talks
are
going
well,
the
key
to
this
WWE
sale
process
completely
lies
in
Vince
McMahon’s
willingness
to
sell
the
company
as
to
whether
he’s
willing
to
leave
his
shares
behind
or
not.

WWE
previously
did
mention
that
a
sale
wasn’t
definitive
but
in
a
January
interview
with
CNBC,
CEO
Nick
Khan
stated
that
the
sale
process
of
WWE
was
always
supposed
to
be
quick.

“There’s
only
so
much
I
can
say
about
it
at
this
moment,
but
we’ve
certainly
got
a
warm
reception
in
the
marketplace
from
people
who
seem
interested.”

Khan
even
suggested
that
it
could
be
completed
by
April
which
led
to
the
reports
that
the
official
confirmation
should
be
received
soon
after
WrestleMania
39
gets
over
with
the
selling
price
remaining
$9
billion.