Who Will Buy WWE?
Vince McMahon announced plans to return to WWE‘s Board of Directors and possibly sell the company. Since then, WWE stock has risen from $20/share to $90/share. Experts attribute the increase to the potential sale. Speculation surrounds who has the motivation and capital to acquire the $6 billion company, with some wondering if AEW’s Tony Khan and his billionaire father Shahid might be interested. However, Bovada Sportsbook ranks the Khans 11th in odds to buy WWE.
Comcast, one of America’s largest telecommunication companies, is the favorite to purchase WWE. This follows CNBC’s recent suggestion that Comcast could be a strong candidate for obvious reasons. WWE and Comcast have an established working relationship, as WWE Raw airs on USA Network, a subsidiary of NBCUniversal owned by Comcast. Additionally, Comcast owns and operates Peacock streaming service, the former home of WWE Network and carrier of WWE’s premium live events. Bovada Sportsbook also lists former WWE Champion Dwayne Johnson and Redbird Capital as potential buyers, as they recently acquired another of McMahon’s properties, the XFL.
Vince McMahon Returns to WWE
- Vince McMahon returns to WWE’s Board of Directors.
- Stock jumps to $90 per share, $20 higher than before
- Experts link the stock increase to potential sale rumors
Potential Buyers for WWE
- Speculation on who will acquire the $6 billion company
- Tony Khan and his father are unlikely to be top contenders
- Odds favor Comcast, a leading telecom company
WWE’s Relationship with Comcast
- WWE’s “Raw” airs on USA Network, part of Comcast
- Peacock streaming service carries WWE events
- Dwayne Johnson and Redbird Capital are also in the running to buy WWE.
