Report: Vince McMahon’s Staggering Asking Price For WWE Revealed

WWE

A report has revealed Vince McMahon’s staggeringly high asking price for WWE that exceeds its market value.

Bloomberg reports that “according to people familiar with his thinking” McMahon is seeking “as much as $9 billion” for the sale of WWE.

The report also states that WWE have already received offers, though the names of the interested parties are private with WWE declining to comment further.

As Bloomberg states, a $9bn asking price is a mighty “37% greater than the company’s current market value of about $6.5 billion.”

He reinstated himself as executive chairman in January this year to “oversee the strategic review of the company.”

Per the report, a $9bn sale price may be a challenge for McMahon, especially with the state of the “global economy and rising interest rates”.

The report states that:

“A valuation of $9 billion amounts to about seven times the company’s $1.29 billion in sales last year, and 23 times its adjusted operating income before depreciation and amortization, both at the high end for the entertainment industry.”

McMahon is the controlling shareholder in the company, which has seen share rise by 29% this year, partly due to the sale speculation.

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