Report: WWE To Meet With Potential Buyers In April In Prep For First Round Bids
The latest on WWE potentially selling.
According to CNBC, WWE is set to meet with potential buyers for the company next month in preparation for first-round bids.
There is no guarantee that a sale happens.
Nick Khan said in February that if a sale were to happen, it could be quick, noting “maybe three months.”
On January 12, WWE announced that they engaged with outside advisors to review strategic alternatives in relation to upcoming media rights negotiations. One strategic alternative is a potential sale of the company, which would happen before media rights deals for WWE Raw and WWE SmackDown are locked in.
FOX CEO Lachlan Murdoch recently stated that they are ready to negotiate media rights with WWE, but the discussions have yet to take place.
In February it was also reported that Vince McMahon was seeking as much as $9 billion in a sale. WWE has a current market value of about $6 billion.
Fightful will continue to update fans on the potential sale of WWE when more is known.
