Vince McMahon seeking $9 billion for WWE sale

A report on Bloomberg states that WWE Executive Chairman Vince McMahon is seeking as much as $9 billion in the sale of his company WWE, more than the initially reported $7 to $8 billion figure.

WWE is currently valued at around $6.5 billion on the New York Stock Exchange and any sale will be above that figure.

Lucas Shaw, the reporter behind the Bloomberg story, adds that sources who are close to the situation “expressed skepticism” that many traditional media companies, those such as NBCUniversal and Disney, will buy WWE. Shaw said that interested parties include the likes of Endeavor, which owns the UFC, and the Saudi Arabia Public Investment Fund.

The story also says that WWE already received a couple of acquisition offers, although no mention of who expressed interest were revealed.

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


Smackdown rating for 07/05/2024

The MITB go-home episode of Smackdown drew the same rating and 18-49 demo as it did last week, with...

Tyler Bate undergoes surgery following pectoral and tendon tear

Former NXT UK champion Tyler Bate will be out of action for months after he tore his left pectoral...

Finn Balor reveals he signed five-year deal with WWE in April

Appearing on the Irish-based What's The Story podcast, Judgment Day member Finn Balor revealed that the contract that he...

Discover more from Wrestling-Online.com

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

Continue reading