WWE News: WWE reveals that it is in the early stages of a possible sale
World Wrestling Entertainment has communicated through its website that it has hired The Raine Group LLC as financial advisor, Kirkland & Ellis LLP.
As legal advisor and August LLC as strategic communications advisor to support the company’s management team: in everything related to.
A review of strategic alternatives to maximize the value of the company and shareholders. In this way, it could be denied that there is already.
A confirmed WWE buyer, as was speculated in recent days. The press release states that the company is hiring outside advisors as rights negotiations emerge in the media.
“WWE hires external advisors to support the review of strategic alternatives
STAMFORD, Connecticut, January 12, 2023 – WWE (NYSE: WWE) announced today that it has retained The Raine Group, LLC as Financial Advisor, Kirkland.
& Ellis LLP as Legal Counsel, and August LLC as Strategic Communications Advisor to support the WWE management team and its Board of Directors.
In connection with a test of strategic alternatives to maximize value for all WWE shareholders and other stakeholders.
WWE Latest News:Â
Also Read:Â WWE News: Triple H and Stephanie McMahon would have opposed the sale of WWE
Vince McMahon, WWE Founder and Executive Chairman, says: “WWE’s next media rights cycle will take place amid an ever-evolving media.
And entertainment landscape, and we believe that exploring our strategic alternatives at this critical time will allow WWE to fully capitalize.
On the significant value of our intellectual property. I am fully confident that our outstanding directors, outside advisors and executive team will provide.
Valuable experience and advice to help guide the company through this important process, while our management team and employee base continue.
To deliver results and content. that our fans love. No guarantees can be given regarding the outcome or timing of the strategic alternatives.
Review process. WWE does not intend to comment further until the process has been concluded or the company has otherwise determined.
That further disclosure is appropriate or required.” It should be remembered that Vince McMahon officially returned to the WWE Board of Directors.
Under the argument that he needed to return to help in the process of the upcoming rights negotiations with television networks.
Which currently has the USA Network for the Raw and Fox program for SmackDown, which are valid until 2024. Similarly, it was learned that WWE hired.
Also Read:Â WWE News: The owners of AEW would be on the list of possible buyers of WWE
The services of the famous American bank JPMorgan for advice on financial issues in a possible sale of the company. However, from that point on, no more has been known regarding that issue officially.
