-

First-round of talks with WWE potential buyers to take place next month

In the same story by CNBC about WWE talking with two states over legalizing betting on their matches, the report also stated that WWE executives will be meeting potential buyers next month.

The story made it sound like that no bids were made yet but talks next month will be done with prospective buyers in preparation for first-round bids.

WWE Executive Chairman Vince McMahon is seeking a total of $9 billion for the company, a price which is well over the company’s market cap right now, currently in the range of $6 billion.

In related news, during the Morgan Stanley investor conference, FOX CEO Lachlan Murdoch said that if WWE ultimately sells, he hopes the new owner is a good partner and they are ready to engage with the company on the upcoming television rights when they ask.

Asked about bidding to keep Smackdown on FOX, Murdoch said that renewal might be dictated by the performance on the overall sports portfolio.

Colin Vassallo
Colin Vassallohttps://www.wrestling-online.com
Colin Vassallo has been editor of Wrestling-Online since 1996. He is born and raised in Malta, follows professional wrestling and MMA, loves to travel, and is a big Apple fan!

Stories you might also likeRELATED
Recommended to you

LATEST NEWS

TNA’s Joe Hendry and Frankie Kazarian appear in NXT battle royal

TNA stars Joe Hendry and Frankie Kazarian participated in the 25-man battle royal to become the #1 contender for...

25-man battle royal for NXT title number one contender headlines NXT on USA tonight

A new number one contender for the NXT title will be decided tonight as a 25-man battle royal will...

Rampage rating for 06/14/2024

Rampage this past Friday on TNT drew 334,000 viewers, up 78,000 viewers from the prior week despite going head-to-head...

Discover more from Wrestling-Online.com

Subscribe now to keep reading and get access to the full archive.

Continue reading