Friday, March 29, 2024
NewsSaudi Arabia 'In The Hunt' To Buy WWE, Too Early To Finalize...

Saudi Arabia ‘In The Hunt’ To Buy WWE, Too Early To Finalize Deal

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As we previously reported here on eWn, initial reports suggested that a deal was finalized to sell WWE to the Saudi Arabia Public Investment Fund. However, it was later reported that those reports were untrue and a deal had not been finalized just yet.

Now, Dave Meltzer of Wrestling Observer Radio has shed some light on the matter. Meltzer noted that WWE CEO Nick Khan wasn’t at Monday Night RAW this week as he was at the Monday Night Football game meeting with the likes of Bob Iger [Chief Executive Officer of Disney] and Jimmy Pitaro [President of ESPN].

WWE is looking to sell the company by the middle of the year, with some assistance from JP Morgan. Additionally, there is definitely smoke to the Saudi Arabia story, who are very much “in the hunt,” but it’s too early for a deal to be finalized.

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