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Vince McMahon Is Asking $9 Billion for His Wrestling Empire (WWE)

 

Vince McMahon Is Asking $9 Billion for His Wrestling Empire (WWE)

Vince McMahon is looking to get as much as $9 billion in a potential sale of World Wrestling Entertainment Inc., the company he returned to run this year, according to people familiar with his thinking.

The company has already received offers, said the people, who requested that they not be identified because the discussions are private. WWE declined to comment.


Shares of WWE rose as much as 4.9% to $91.48 Friday in New York. As of the close Thursday, the asking price was 37% greater than the company’s $6.5 billion market value. The stock has risen 30% this year, in part due to takeover speculation.



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