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InsideArbitrage Potential Deal Alert: WWE’s (WWE) Former CEO McMahon Seeks Board Seats, Strategic Review

  • January 5, 2023

POTENTIAL DEAL DETAILS

StockWorld Wrestling Entertainment, Inc.SymbolWWE
Date Announced01/05/2023Source Press Release
TypeCompany Seeking Strategic Alternatives
Date of Confirmation: 04/03/2023Price at Confirmation: $91.26
Potential Profit: 8.29%Annualized Profit: 34.40%

Vince McMahon, World Wrestling Entertainment Inc.’s (WWE) controlling shareholder and former Chief Executive Officer, is seeking to return to the company as Executive Chairman and is proposing a possible sale of the business.

Update(s):

February 17, 2023: According to Bloomberg, Vince McMahon is looking to get as much as $9 billion in a potential sale of World Wrestling Entertainment (WWE). Among the potential buyers is Endeavor Group Holdings (EDR)

 

 

Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.