Vince McMahon Looks To Sell WWE For $9 Billion
WWE majority owner Vince McMahon wants to receive a huge check for his wrestling empire.
McMahon may be looking to sell WWE for $9 billion Bloomberg.
Endeavor Group Holdings is one of the potential buyers, as well as Middle Eastern investors.
The 77 year-old executive was The chairman and CEO of the wrestling giant are The WWE has been a entertainment powerhouse for over 40 years. McMahon retired in June 2022 Because of hush-money claims.
McMahon’s daughter, Stephanie served as chairwoman and co-CEO before her father was elected executive chairman. McMahon declared his desire to return when he did so. To sell his company.
WWE shares rose by 30% in the past year due to speculation surrounding a new owner.
The WWE is in the initial stages of securing a new TV contract. The WWE airs shows through Fox and Comcast’s Peacock.
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