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WWE fired over 80 people from the company in the past month. That includes over 60 internal employees, 16 main roster Superstars, and a handful of people from NXT. Some are under the impression that WWE is cutting their bottom line with the intention of selling.
Brandon Thurston of Wrestlenomics noted on Twitter that despite the idea that WWE will sell the company, that doesn’t seem to change Wall Street’s assessment. WWE stocks haven’t changed dramatically as they would is a sale was likely in that market’s determination.
I talked with 5 people in the WWE investor community in the last 24 hours about the notion that the company’s recent actions indicate they’re preparing for a sale. Not one of them thought so. Even the stock price is no-selling wrestling Twitter.
We’ll have to see what is next in this situation. WWE President Nick Khan could very well have the intention of selling the company eventually. It obviously hasn’t gotten to the point where Wall Street has taken notice.
Who would buy WWE if and when the time comes to sell? Sound off in the comments!