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Anonymous

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BUYERS LOOKING AT WWE

Anonymous Thu 07 Apr 2022 20:09:59 No.5210741 View View Report

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>WWE, which has a market capitalization of $4.6 billion, stands out as a potential takeover candidate because it’s a publicly traded company with an aging controlling shareholder. Vince McMahon owns more than 80% of voting power and is 76 years old. At some point, he and his family will have to decide whether to keep control of the company or sell it to the highest bidder.

>“We’re open for business,” Nick Khan, WWE’s president, said last month on The Ringer’s “The Town” podcast.

>A buyer could be a legacy media company, such as Disney, Fox, Paramount Global or Comcast’s NBCUniversal

>If a potential acquirer does make McMahon an offer, it could come before the company’s next rights renewal — likely to be announced in mid-2023. That’s probably when McMahon may have to decide to sign up another multiyear deal or sell.

>https://www.cnbc.com/2022/04/07/formula-1-wwe-ufc-potential-acquisition-targets-for-streaming-services.html

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