The Clap Former WWE (NYSE:WWE) CEO Vince McMahon has returned to the company’s BoD, easing the potential sale of the company.
What McMahon’s return will help facilitate any potential talks of a sale, with the ex-CEO’s return giving potential buyers the confidence that they have the support of a controlling shareholder.
Vince McMahon, who owns a controlling stake in WWE, stepped down as WWE CEO & Chairman after allegations of sexual misconduct and infidelity surfaced in June 2022.
It is still unclear what his role will be in the company, if any, in the event that the company is sold.
So What The company has a number of suitors prepared to pounce on a potential deal, with Comcast (NASDAQ:CMCSA), Disney (NYSE:DIS), Netflix (NASDAQ:NFLX), Amazon (NASDAQ:AMZN), and more all keeping tabs on the company.
Now What WWE’s stock surged nearly 17% on Friday’s session as the aspect of a potential sale grew larger.