WWE continues to move forward as it explores a potential sale.
A new report from CNBC cited two sources who noted that the company will meet with potential buyers in April in preparation for first-round bids. At this stage, there is no guarantee that the company will reach a deal for a sale.
In January, WWE announced that the company engaged outside advisors to support the review of strategic alternatives as the company prepares for media rights negotiations and the exploration of a potential sale.
A previous report indicated that Vince McMahon was seeking as much as $9 billion in a potential sale. More information is available here.
WWE CEO Nick Khan previously commented on a potential sale and noted that McMahon has made it clear that he would end his involvement with WWE if it was in the shareholders’ best interest.
WrestleZone will provide more information as it becomes available.