Posted on 3/09/123 by Colin Vassallo
In the same story by CNBC about WWE talking with two states
over legalizing betting on their matches, the report also
stated that WWE executives will be meeting potential buyers
next month.
The story made it sound like that no bids were made yet but
talks next month will be done with prospective buyers in
preparation for first-round bids.
WWE Executive Chairman Vince McMahon is seeking a total of $9
billion for the company, a price which is well over the
company’s market cap right now, currently in the range of $6
billion.
In related news, during the Morgan Stanley investor
conference, FOX CEO Lachlan Murdoch said that if WWE
ultimately sells, he hopes the new owner is a good partner
and they are ready to engage with the company on the upcoming
television rights when they ask.
Asked about bidding to keep Smackdown on FOX, Murdoch said
that renewal might be dictated by the performance on the
overall sports portfolio.