• WWE’s Sale Process Is Going Hot & Heavy
Earlier this year, Vince McMahon returned to the Board Of Directors and became The Chairman of WWE once again.
He’s back to sell the company and to ensure that they get the best deal possible, ahead of the upcoming RAW/SmackDown/NXT TV contract negotiations.
According to Bloomberg, Vince is asking for $9 billion to sell the company, which is 37% higher than WWE’s current market value of $6.5 billion.
Since Vince’s return in January and the news coming out of WWE being up for sale, the stock has risen by 30%.
According to David Faber on Squawk on the Street, WWE’s sale process is going hot & heavy:
“From what I’m hearing, at least from people familiar with the situation, is it’s shaping up be a pretty good sale process.
Some people are saying it’s pretty hot and heavy and those who were somewhat doubtful that you’d get to a sale at the end seem less so.”
He also revealed that NBCUniversal/Comcast isn’t a part of the bidding war.
You can watch it below:
— Squawk on the Street (@SquawkStreet) March 28, 2023
After these comments from David Faber, WWE’s stock increased by 1.7%.
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• ON THIS DAY IN WWF HISTORY (March 28, 1993) – WWF Wrestling Challenge
On this day in 1993, the World Wrestling Federation aired an episode of their weekly TV show ‘WWF Wrestling Challenge’.
It was broadcasted from the Civic Center in Augusta, Georgia and featured pre-taped matches, interviews & storyline segments on the road to the ‘WWF WrestleMania IX’ PPV.
The card can be found right here:
Mr. Perfect vs. The Brooklyn Brawler
Doink The Clown vs. Tom Jones
Bret Hart/Yokozuna Contract Signing
Bam Bam Bigelow vs. Joey Maggs
WrestleMania IX Report
The Steiner Brothers vs. Glen Ruth & Dale Wolfe