WWE Could Just Be Up For Sale
Written by Pheodora Waqanibaravi on March 3, 2023
World Wrestling Entertainment Executive Chairman Vince McMahon is open to stepping away from the company “if it’s the right deal,” according to WWE CEO Nick Khan.
The 77-year-old executive was the wrestling giant’s CEO and chairman for 40 years and built up the WWE into an entertainment juggernaut. McMahon stepped down in June 2022 due to hush-money allegations.
McMahon stepped away from his CEO role in June amid accusations of sexual misconduct, but returned to the board to be directly involved in sale negotiations with potential buyers. Potential buyers include Comcast, Netflix, Liberty Media, and Endeavor, which already owns UFC. Khan emphasized WWE could be appealing to a large media company with a streaming platform that could increase subscribers. McMahon would prioritize shareholder value and step away if it’s the right deal.