The world of professional wrestling is an ever-changing landscape as anything could take place that will end up changing the face of the business forever. WWE is usually at the forefront of such changes and one huge change is already going on this week. This is because Vince McMahon came back to WWE and immediately took hold of the company as a means to sell it. In fact, if WWE ends up being sold, it will sell for a lot of money.

After returning to the company last week, Vince McMahon regained control of the company’s Board of Directors as the Executive Chairman of WWE, following Stephanie McMahon’s resignation. This made fans fear the worst for the company for a variety of reasons.

Following McMahon’s takeover, rumors spread like wildfire that WWE would be sold to the Kingdom of Saudi Arabia. Thankfully, that was not the case as reports revealed otherwise.

Barron’s, a publication of The Wall Street Journal, reported that WWE could be sold for more than $105 per share, which implies a 46% gain from the closing price on January 5, prior to McMahon’s return.

“We think… market consideration related to the value of live content creates an optimal setting for an acquisition attempt,” wrote Benchmark’s Mike Hickey, who believes WWE could fetch more than $105 per share, which implies a 46% gain from the closing price on January 5, before McMahon said he wanted to return.

Barron’s notes that this range makes the most sense as a price of around $102 would value the company at 22 times the $410.4 million in earnings before interest, taxes, depreciation, and amortization WWE is expected to record in the fiscal year 2023. In 2016, Endeavor paid $4 billion, or 22 times adjusted EBITDA, for UFC. We’ll have to see who WWE will end up getting sold to in the future.

What’s your take on this situation with WWE selling the company? Sound off in the comments!

Subhojeet Mukherjee

Subhojeet provides daily coverage of entertainment news and updates at Thirsty for News. He's always on the lookout for the latest and greatest in the world of entertainment, sharing his thoughts and insights with readers. Whether it's breaking news or in-depth analysis, Subhojeet is dedicated to bringing his readers the best and most accurate information.

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