Earlier this year, Vince McMahon made a return to the Board of Directors and resumed his position as Chairman of WWE. His main objective is to sell the company and secure the best deal possible for WWE in anticipation of the upcoming RAW/SmackDown/NXT TV contract negotiations.
Bloomberg reports that Vince is seeking a $9 billion sale price, which is 37% higher than WWE’s current market value of $6.5 billion. Since Vince’s return in January and the news of WWE being up for sale, the stock has increased by 30%.
David Faber of Squawk on the Street reports that WWE’s sale process is currently intense and highly active.
Following this going to CNBC the stock of WWE rose 1.7%
