As PWMania.com previously reported, this week, there were rumors that the Public Investment Fund of Saudi Arabia had bought WWE, but they were quickly denied. Saudi Arabia is said to be still on the hunt.
This comes after Vince McMahon, George Barrios, and Michelle Wilson re-joined the Board of Directors to assist in negotiating the new TV contracts for Raw and SmackDown and to look into the possibility of a company sale.
According to reports, Shad and Tony Khan from AEW are among the prospective buyers. A different report also stated that The Khan Family is considering a merger with WWE.
To help with the potential sale of WWE, JPMorgan and Raine Group have been hired.
According to Dave Meltzer’s report in the most recent Wrestling Observer Newsletter, “those at WWE said that Saudi Arabia was in the running but not the favorite.”
Potential buyers have been mentioned as Comcast (NBCU’s parent company), Netflix, Amazon, Endeavor Group Holdings (UFC’s parent company), Warner Bros. Discovery (TNT & TBS’ parent company), Disney, and FOX.
