“Amazon or Netflix Probably Be The Best”: Fans React as CNBC Lists Disney And Amazon Among Potential Buyers For $5.1B WWE

Vince McMahon has made his return to WWE, but this time he will have a seat on the Board of Directors of the company. WWE is planning to make a sale for the company. The Boss has come back to take over the process of the sale. Sources also say that the pro wrestling company has hired JP Morgan to guide on this subject.

According to the latest news, the deal can happen anywhere between the next 3 to 6 months. These categories of potential buyers are going to be in the WWE auction. Legacy media companies, entertainment, and streamers companies are said to be the potential buyers in WWE’s sale.

This news has left fans guessing which media company will bag the TV rights of the biggest wrestling entertainment company in the world.

CNBC list of potential buyers for WWE

On Saturday, January 7, CNBC released an article saying The Boss, Vince McMahon, has returned to WWE to ensure a smooth process for likely to happen sale of the company. As per the reports, the following companies are in line to buy WWE: Comcast (NBC Universal), Warner Bros Discovery, Disney, Fox, Netflix, Liberty Media, Endeavor Group Holdings, and Amazon.

WWE Fans are speculating about which media and entertainment platform will take the TV media rights of their favorite wrestling company.

The report claims that the sales deal will take place somewhere around mid-year 2023. Prior to that, WWE will make its TV rights renewal negotiations.

Being the founder of WWE, Mr. McMahon still has a say in the decisions of the company. However, it is unknown what role will Mr. McMahon play after the sale happens. There is a possibility that the sale will take place under some conditions.

Vince McMahon has made his way back into WWE

In July 2022, Mr. McMahon had to relinquish his WWE post. It was because of an investigation ran by the company on him. In that investigation, WWE found out that he had indulged in sexual misconduct and infidelity accusations over many years. Reports claimed he paid hush money to several women. But now The Higher Power is back.

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Reports claim that McMahon wanted to regain creative control of the company after coming back. But he has been given a place on the board of directors. He will handle business roles regarding TV rights and the potential sale of the company.

“Today, we announce that the founder of WWE, Vince McMahon, will be returning to the Board. We also welcome back Michelle Wilson and George Barrios to our Board of Directors. Together, we look forward to exploring all strategic alternatives to maximize shareholder value,” said WWE chair and co-CEO Stephanie McMahon, co-CEO Nick Khan and chief content officer Paul Levesque (Triple H).

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Mr. McMahon is a controlling shareholder of WWE and he used his power to its full extent while making a seat for himself and his allies on the company’s board of directors. The Evil Genius relieved three people from their posts to make space to do so.

WWE has also claimed that McMahon’s return to the company will have no effect on how things are currently running in the company.