Kemo
03-28-2023, 09:55 PM
CNBC analyst David Faber gave an update on a potential purchase of WWE after Vince McMahon made it clear that was one of his intentions in returning to the company this past January ahead of the media rights negotiations.
Faber stated that the sale process is expected to "conclude in the not-too-distant future." He stated that the process isn't just live, but is "going quite well."
"From what I am hearing from people close to the situation that it's a pretty good sales process with some saying it's hot and heavy. Those who were even somewhat doubtful in fact that you'd get to a sale at the end seem less so.”
He discussed potential bidders, mentioning Endeavor (parent company of the UFC), private equity, and the Saudi Arabia Public Investment Fund. He also reiterated Comcast is not in the running despite having multiple billion-dollar deals with WWE for Raw and NXT in addition to the Peacock deal.
“Again, Comcast not part of this sale process.”
Faber noted that the talks are going well, but the key to the whole process is Vince McMahon’s willingness to sell the company.
1640727643094917121
Faber stated that the sale process is expected to "conclude in the not-too-distant future." He stated that the process isn't just live, but is "going quite well."
"From what I am hearing from people close to the situation that it's a pretty good sales process with some saying it's hot and heavy. Those who were even somewhat doubtful in fact that you'd get to a sale at the end seem less so.”
He discussed potential bidders, mentioning Endeavor (parent company of the UFC), private equity, and the Saudi Arabia Public Investment Fund. He also reiterated Comcast is not in the running despite having multiple billion-dollar deals with WWE for Raw and NXT in addition to the Peacock deal.
“Again, Comcast not part of this sale process.”
Faber noted that the talks are going well, but the key to the whole process is Vince McMahon’s willingness to sell the company.
1640727643094917121