Vince McMahon Announces WWE Return, Plans to Sell Company

  • 📰 bleedingcool
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 69%

Business News News

Business Business Latest News,Business Business Headlines

Vince McMahon announced plans today to use his shareholder power to elect himself back to the WWE board and initiate a potential sale. WWE VinceMcMahon

\nVince McMahon is looking to use his majority voting power as a stockholder to elect himself back to the board of WWE and consider selling the company, according to a press release from Vince McMahon himself. The Wall Street Journal previously reported on McMahon's plans to make a comeback at the company after believing he received 'bad advice' when he was convinced to retire amidst a scandal over hush money payments for sexual misconduct accusations.

\n'WWE is entering a critical juncture in its history with the upcoming media rights negotiations coinciding with increased industry-wide demand for quality content and live events and with more companies seeking to own the intellectual property on their platforms,' said McMahon in the press release.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 20. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Vince McMahon plotting return to WWE with intent to sell companyVince McMahon’s retirement was short-lived. And challenge Trump to a dictator leaves town match. No wonder their stock shot up after hours today
Source: nypost - 🏆 91. / 67 Read more »