Vince McMahon

WWE Looking to Sell Company Within Six Months; Multiple Entities Still in the Running to Purchase

— On the latest Wrestling Observer Radio, Dave Meltzer and Bryan Alvarez discussed the rumors of WWE’s sale to the Saudi Arabia Public Investment Fund (which turned out to be false) as well as where WWE sits in terms of selling the company.

— Meltzer noted that he had a lot discussion with WWE officials and that while they aren’t yet sold, they are up for sale and Saudi Arabia is one of the “companies” that is still in the hunt to acquire the entity. Meltzer said that Nick Khan was in Los Angeles on Monday and met with some “heavy hitters” who were there for college football, including Disney CEO Bob Iger and ESPN head Jimmy Pitaro and the belief is that WWE is looking to sell by the middle of 2023. With the Saudi PIF, Meltzer believes they are the only ones out of the key contenders that would make it easier for WWE to go private as the others are all public companies.

— Meltzer also stated that there is “smoke” to the Saudi Arabia but it’s just way too early for any deal to be finalized but it could still happen. While Nick Khan is running WWE as the sole CEO, Vince McMahon has been facilitating working the sale and as reported before, WWE has enlisted the JPMorgan to assist them with any future sale.

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