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There has been speculation for years about the potential sale of World Wrestling Entertainment (WWE) since its Chairman, Vince McMahon, made his return to the company. Now, the long-awaited sale is imminent. According to CNBC, WWE is currently in advanced talks with the Endeavor Group, the parent company of the UFC.
Sources close to the deal suggest that the two entities could form a new publicly traded company, with Endeavor holding a majority stake of 51% and WWE shareholders receiving 49% of the new company. The deal reportedly values WWE at $9.3 billion, which is the amount that earlier reports had suggested the company was seeking.
The proposed arrangement would see Ari Emanuel, the boss of Endeavor, take on the role of Chief Executive for the parent company and the new sports entertainment company. Vince McMahon is expected to remain, Executive Chairman, while Nick Khan, the current CEO of WWE, will become President of the wrestling side of the business.
Dana White would remain as UFC President.
Implications of WWE's Potential Sale
The potential sale has sent shockwaves through the sports entertainment world, with many speculating about what this could mean for the future of WWE.
The deal would mark the most significant shift in sports entertainment in decades, and the implications could be far-reaching. One central question remains unanswered: what this means for Triple H's role as Chief Content Officer in WWE? It remains to be seen whether he will retain his current position or if there will be a shakeup in management as part of the sale.
Interestingly, Endeavor's boss Ari Emanuel suggested at the beginning of March that the company was no longer interested in acquiring WWE. However, now talks have resumed, and an announcement about the sale could be made in the coming days.
If the sale is finalized, it will represent a massive milestone in the history of WWE. It could be potentially have far-reaching implications for the sports entertainment industry.