Felix Upton on February 2, 2023
WWE is going through a massive transition, now more than ever. Vince McMahon’s return to the company brought big talk of a potential sale, and it appears that some real suitors are now on the table who could be interested. That being said, not every potential buyer is the right fit.
During WWE’s 4th quarter 2022 earnings call, company CEO Nick Khan addressed a potential WWE sale. After being asked to describe what kind of partner WWE is looking for, he made it clear that they need to have a firm understanding of the industry WWE operates in.
WWE is a multi-faceted media company. Any company looking to buy WWE needs to understand how to utilize media, as well as having deep pockets to facilitate such a sale.
“A partner that has more than simply deep pockets. So a partner that understands the media business, that’s in the media business, that understands how to further monetize the media business.
[Also, a partner] that certainly understands our product, our intellectual property, what we’re doing with it, what can be done with it. Media rights, both domestically and internationally. We see the international growth opportunity is huge. So these are folks, in terms of choosing the right partner, these are all things that we’re going to be looking at in terms of who can accelerate our business. Again, what’s the best value for our shareholders?”
WWE could end up in the hands of new owners by the middle of 2023. That is seemingly the company’s goal, and Vince McMahon returned to WWE to help move that sale along.
It seems that Triple H will keep going with the company’s creative future in his hands, but everything could change in no time, especially after Vince McMahon amended the company bylaws to say that he doesn’t need shareholder approval to make a decision.
This is a very complicated story, and there are a lot of things in play. Obviously, we will be right here at Ringside News to continue providing you with all the news you need as the pro wrestling landscape continues shifting.
What’s your take on a potential WWE sale? Sound off in the comments!
February 2, 2023 7:23 pm
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