Still unconfirmed rumors as of 1am EDT.
Post will update as the story develops.
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Cassidy Haynes: For what it’s worth, I’m told the Saudi deal is done and they’re taking the company private.
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/r/SC Insider Kermit: WWE has been sold
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Jimmy Van, Owner of Fightful: “I will say this which contradicts the Saudi rumors – WWE had just announced that JPMorgan was repping them. Usually a sales process takes months before shareholder approval. It seems too fast for a deal to have happened already.”
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Cassidy Haynes of Bodyslam.net: The deal isn’t completely finalized because WWE must provide notice to shareholders & other parties. There are legalities to go through, as the company is publicly traded. But, again, I’m told a deal has been agreed to in principle.
Previous megathread from Stephanie’s resignation located here
Short summary from previous:
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