Vince McMahon’s Asking Price For WWE Is More Than The Company Is Worth

Bloomberg has a story today covering the possible sale of WWE, something that has actually been checked out given that Vince McMahon’s go back to the business’s Board of Directors last month.

The story keeps in mind McMahon “is aiming to get as much as $9 billion” in a sale of WWE. Presently, WWE has a market cap of about $6.5 billion. This assessment wants the stock rate of the business increased as soon as McMahon began aiming to offer.

The story specifies that “The business has actually currently gotten deals, stated individuals, who asked for that they not be determined since the conversations are personal. WWE decreased to comment.”

Possible financiers consist of Endeavor, which owns UFC, and Investors from The Middle East (Saudi Arabia).

Undertaking would require assistance from a 3rd party to make the sale work while Netflix and Disney “might be anxious handling a service managed by McMahon.” CEO Nick Khan has actually mentioned that McMahon wants to leave WWE if the business is offered.

The story likewise mentioned, “Any media business thinking about airing the programs might likewise utilize this minute to purchase the entire service. WWE has actually been among the most popular draws for Comcast’s Peacock streaming service.”

The post Vince McMahon’s Asking Price For WWE Is More Than The Company Is Worth appeared initially on eWrestlingNews.com.