In a move that has surprised many, Vince McMahon announced today that he is selling all of his shares in the WWE. The 72-year-old McMahon founded the company in 1983 and has been its CEO ever since. In a statement released this morning, McMahon said, “I’ve decided to sell my shares in WWE and am resigning as Chairman and CEO. I’m confident that with Trio as our new partner, the future of WWE is bright.” Trio is an investment firm based in Stamford, Connecticut.
It was recently announced that Vince McMahon is selling his WWE shares, and while the news may come as a surprise to some fans, it really shouldn’t. After all, McMahon is 72 years old and has been in charge of the WWE for over three decades now. So it’s only natural that he would want to step down and let someone else take over. Still, the WWE is in good hands with McMahon at the helm, and I’m sure he’ll continue to be involved in some way or another. In any case, it will be interesting to see who buys up McMahon’s shares and what they do with the company.
Is Vince mcmahon selling WWE
Yes, it was recently announced that Vince McMahon is selling his WWE shares. While the news may come as a surprise to some fans, it really shouldn’t. After all, McMahon is 72 years old and has been in charge of the WWE for over three decades now. So it’s only natural that he would want to step down and let someone else take over. Still, the WWE is in good hands with McMahon at the helm, and I’m sure he’ll continue to be involved in some way or another. In any case, it will be interesting to see who buys up McMahon’s shares and what they do with the company.
There have been some rumors floating around that Vince McMahon is looking to sell WWE. While there has been no official confirmation of this, it would make sense for the company’s long-term success. Here are four reasons why selling WWE could be a good move for McMahon and the rest of the company’s shareholders.
The company is being sold for $3 billion
What could be one of the largest tech acquisitions in history, the company is being sold for $3 billion. Reports indicate that the buyer is a major technology corporation who has been trying to break into the social media market. The seller, who is unnamed, created the company over 10 years ago and it has since become one of the most popular social networks in the world. Despite its impressive user base, the company has been struggling financially in recent months and was looking for a buyer. This news comes as a surprise to many industry analysts who had predicted that the company would be valued at over $5 billion. Nevertheless, it appears that this major technology corporation believes that there is still significant value in the social media market.
McMahon will retain a minority stake in the company
According to a report from ESPN, WWE Chairman Vince McMahon will retain a minority stake in the company after its planned sale to Burkle-owned investment firm Yucaipa Companies is finalized. While the exact percentage of McMahon’s ownership has not been revealed, the move is seen as assurance that the WWE will remain a family-owned business. This news comes just days after it was announced that longtime WWE executive Paul Levesque, better known as “Triple H,” will be taking on an increased role with the company. With Triple H now in charge and McMahon retaining a stake in the company, it looks like WWE is preparing for another decade of success.
