Report: WWE Not In Talks To Sell Company Following Vince McMahon Retirement
No talks about a possible WWE sale at the moment
Jul 27, 2022
WWE's stock price has risen since Vince McMahon's retirement as CEO and Chairman on Friday, July 22, and shares initially rose by 8.44% on Monday to $71.81, although the stock price dipped by 3.37% on Tuesday to $69.39 at close of trading.
Monday's rise was triggered by the view on Wall Street that WWE is more likely to be sold now that Vince McMahon has left his roles at the company, with longtime analyst Alan Gould of Loop Capital mentioning Comcast, Amazon, Disney, and Netflix as possible suitors for WWE.
Despite this being the view on Wall Street, CNBC noted WWE are not currently engaged in talks about a sale. They speculated that McMahon's retirement could "open the flood gates on offers that could be too good for the company to turn down", however.
Vince McMahon remains WWE's majority shareholder following his retirement and any possible sale would ultimately need to be approved by the 76-year-old.
A new leadership team in WWE has been installed since Vince's retirement. His daughter Stephanie McMahon is the new Chairwoman and a Co-CEO with Nick Khan. Paul "Triple H" Levesque is the new head of WWE creative.
