REPORT: WWE Sale In “Next Three To Six Months”, JPMorgan Hired For Deal
CNBC confirm involvement of JPMorgan in WWE sale and timeline for changes.
WWE have brought in one of the biggest banks in the world ahead of potentially selling the company within the next “three to six months”.
This is according to reporting from CNBC, who noted that (h/t Wrestling Observer)
“WWE has hired JPMorgan to help the company advise on a potential sale, according to people familiar with the matter. JPMorgan declined to comment. A WWE spokesman couldn’t immediately be reached for comment…If a deal occurs, it would likely occur in the next three to six months, said the people, who asked not to be named because the discussions are private. WWE plans to talk to potential buyers before it makes a decision on TV rights renewal agreements."
The news comes just days after Vince McMahon made his surprising return to the organisation under the guise of being crucial to securing both the upcoming television rights renewals and a sale of the company overall. He’d previously resigned in disgrace the prior July due to an ongoing internal investigation into various accusations of alleged sexual misconduct.
McMahon got himself and former WWE co-presidents George Barrios and Michelle Wilson back on the board, though his ongoing involvement with WWE from a daily management/creative standpoint beyond that remains unknown.