A WWE sale could go through sooner than some might think.
WWE CEO Nick Khan appeared on Squawk on the Street on CNBC on Friday morning and spoke about the latest talks of a company sale.
“There’s only so much I can say about it at this moment, but we certainly got a warm reception in the marketplace from people who seem interested,” Khan said.
He was then asked about his expectations on a time-frame for the sale.
“Quick,” he replied. “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.”
Khan then spoke about Vince McMahon being willing to step down if a sale were to go through.
“You’re right, it’s very tough to take control from him, and he’s built an empire which has certainly been good by me and for me,” Khan responded. “But no, Vince has declared to the Board, to me, to other upper management, he is 100% open to a transaction where he’s not included in the company moving forward. I really believe he’s looking for the best value for the shareholders. Keep in mind, he’s also a large shareholder, he’s 77 years old, and I think he’s ready to take a look at the landscape.”
Check out the complete Nick Khan interview via the videos embedded below.
.@WWE CEO Nick Khan says strategic sale will be quick: "Maybe three months"$WWE @CNBC @DavidFaber @CarlQuintanilla @MorganLBrennan pic.twitter.com/vRKyDjjNWn
— Squawk on the Street (@SquawkStreet) February 3, 2023
$WWE talks potential sale. CEO Nick Khan says the company is considering a “broad range of options” and Vince McMahon is open to a deal where he would no longer be involved in the company.@CNBC @WWE @DavidFaber @CarlQuintanilla @MorganLBrennan pic.twitter.com/Yl9dk8tXVR
— Squawk on the Street (@SquawkStreet) February 3, 2023
Dwayne @TheRock Johnson told us that if the @WWE were to sell they’d have to find the “right buyer” with passion and love for the brand.
CEO Nick Khan agrees: If it's the right deal, it's no issue.$WWE @CNBC @DavidFaber @CarlQuintanilla @MorganLBrennan pic.twitter.com/E5ZxYlvBV0
— Squawk on the Street (@SquawkStreet) February 3, 2023
