Major Update On WWE Sale Talks

Vince McMahon shocked the world when he returned to WWE back in January and he’s made it clear since then that he’s looking to sell the company. Since then there have been a lot of rumors making the rounds regarding a potential sale.

David Faber recently addressed the WWE sale talks on CNBC and he reiterated that it is his understanding that Comcast/NBCU is not currently in the running to purchase WWE. Raj Giri pointed out that according to Faber the WWE sale process is said to be “pretty hot and heavy” and people who were doubtful about it leading to sale now “seemed less so.”

Interested parties when it comes to a WWE sale include private equity, Liberty and the Saudi Arabia Public Investment Fund. Faber also noted that the sale process is expected to conclude in the not too distant future when he added, “Something has led to a number of people close to this to indicate to me that it is not just live, but it’s going quite well and it is expected to conclude in the not too distant future.”

WWE CEO Nick Khan appeared on CNBC in February and indicated that he expected a potential sale to take place in the next few months when he said, “Quick, and I’m not trying to be obtuse in saying that. But I think it’s going to be a pretty fast process, maybe three months.”

Stay tuned for more updates as they become available.