WWE
The name of a potential buyer of WWE has been revealed in a recent report and it’s a name that might be familiar to MMA fans.
According to a report by Bloomberg:
“Endeavor Group Holdings Inc., the owner of Ultimate Fighting Championship, as well as investors from the Middle East who have already made major investments in golf and soccer.”
“Endeavor would need financial help from a third party since its market capitalization of $10.4 billion is only a bit more than what McMahon wants, but the company has already shown it can integrate and grow a sports-media business with a divisive founder in the UFC.”
It was also reported that Vince McMahon was seeking a $9bn sale price for the company.
According to Bloomberg, this is considerably greater than its market value of $6.5bn.
In January, WWE CEO Nick Khan addressed previous reports that WWE had been sold to Saudi Arabia, calling them “100% false” and “it was absurb, it was nuts.”
Quotes from Bloomberg.
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1 year ago by Dave Adamson
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