-- WWE executives continue to work towards a sale of the company with CEO Nick Khan previously stating that he expects something to finalize in about three months. A Bloomberg article today is reporting that WWE Executive Chairman Vince McMahon is looking to get as much as $9 billion in a potential sale, far higher than the company's market cap which currently sits at around $6.5 billion.
-- The story also noted that WWE has already received offers and highlighted Endeavor (which owns UFC) as a possible buyer while also pointing out that investors "from the Middle East" are also involved. Endeavor, if they were to make a pitch, would need help from a third party to come up with the cash needed for a sale. Meanwhile, Disney and Netflix - two other prospective buyers - are said to be uneasy at taking over a business that would largely still be controlled by Vince and that involves the "sometimes messy personal lives of its wrestlers" though Khan had stated publicly that McMahon's involvement was not a term of a sale by any means.
-- WWE's sale has gained a lot of steam in recent weeks and months and it is believed the company is interested in selling the business ahead of 2024, when the media rights deals for Monday Night Raw and Friday Night Smackdown are set to expire. Any prospective media company who would be interested in airing the program could capitalize on the moment to purchase the entire business, including of course the TV shows.
