WWE has been in the news recently for a lot of non-wrestling reasons, with talks of a potential sale blowing up social media and news outlets. One such report has now suggested that the company has reportedly hired a bank to assist with the process.
The long-anticipated WWE sale process is upon us.
I’m told JPMorgan has been hired to help lead sale talks.
Here’s a list of potential buyers: https://t.co/s2lE56L9nL
— Alex Sherman (@sherman4949) January 7, 2023
CNBC reported that JPMorgan has been roped in to ‘help the company advise on a potential sale’:
“WWE has hired JPMorgan to help the company advise on a potential sale, according to people familiar with the matter. JPMorgan declined to comment. A WWE spokesman couldn’t immediately be reached for comment. If a deal occurs, it would likely occur in the next three to six months, said the people, who asked not to be named because the discussions are private. WWE plans to talk to potential buyers before it makes a decision on TV rights renewal agreements.”
This past Thursday, it was revealed that Vince McMahon was coming back to WWE and reinserting himself into the organization’s board of directors to oversee a potential sale of the company. He also brought back former co-presidents George Barrios and Michelle Wilson to the board.
McMahon’s WWE return came less than six months after retiring amid a sexual misconduct scandal. However, he did retain power as the company’s majority shareholder.
