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Arts & EntertainmentWWE

Vince McMahon Could Be Open to Selling WWE

By
Michal Addady
Michal Addady
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By
Michal Addady
Michal Addady
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October 28, 2016, 5:37 PM ET
WWE Monday Night Raw In Las Vegas
LAS VEGAS - AUGUST 24: World Wrestling Entertainment Inc. Chairman Vince McMahon is introduced during the WWE Monday Night Raw show at the Thomas & Mack Center August 24, 2009 in Las Vegas, Nevada. (Photo by Ethan Miller/Getty Images)Photo by Ethan Miller—Getty Images

Vince McMahon hasn’t been particularly open to the idea of selling WWE (WWE)—but on an earnings call Thursday, McMahon sounded as if he’s had a change of heart.

“We’re open to anything,” the CEO said, reiterating a sentiment the company first expressed in August. But only under one condition: WWE’s potential buyer would have to let WWE “control its destiny,” the New York Post reports. The call also covered the WWE’s third quarter operating profits, which were up by 4.7%, reaching $24.5 million. WWE’s revenue fell slightly.

In August, Fortune reported that McMahon sold 1.55 million shares of the company’s total Class A and Class B shares, leaving the CEO with a majority ownership and about 47% of total shares. At that point WWE’s chief strategy and financial officer, George Barrios, said that while the company wasn’t actively searching for a buyer, as appears to be the case now, “we’re always open to listening” and “to anything that we thought could help us.”

 

WWE could not immediately be reached for comment.

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By Michal Addady
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