World Wrestling Entertainment (WWE) CEO Nick Khan met with The Walt Disney Company CEO Bob Iger and ESPN President James Pitaro about potentially selling them WWE, Dave Meltzer said on Wrestling Observer.
As we recently reported, The Walt Disney Company and Comcast are among the potential buyers for WWE, which is looking to sell. Other potential buyers include Netflix, Fox (who sold many of its entertainment assets to Disney in 2019), Warner Bros, and Amazon. According to CNBC, there are three categories of potential buyers for WWE, which has a market cap of more than $6 billion: legacy media companies, streamers, and entertainment holding companies.
In a clip available on Twitter (embedded above or click here), Meltzer said Khan met with Bob Iger and James Pitaro on Monday, January 9 in Los Angeles at the College Football Playoff National Championship game.
Meltzer also said the Saudi Arabia Public Investment Fund is interested. Some have reported that Saudi Arabia has already purchased WWE, but Khan hasn’t made a deal with any company yet. WWE is looking to sell by the middle of the year.
Khan was co-CEO with Stephanie McMahon until January 10, when she stepped down, and he became sole CEO. McMahon’s father, former CEO and chairman of WWE Vince McMahon, recently returned to the board of directors in an effort to help facilitate a sale. McMahon stepped down after an investigation revealed that he paid nearly $15 million dollars to different women over the course of 16 years to keep allegations of sexual misconduct and infidelity silent. But returning to the board will “give potential buyers confidence he’s supportive of the details of any transaction,” according to CNBC.
“With Nick’s leadership and Paul ‘Triple H’ Levesque as chief content officer, I am confident WWE is in the perfect place to continue to provide unparalleled creative content and drive maximum value for shareholders,” Stephanie McMahon wrote on Twitter about her resignation.