WWE (NYSE: WWE) introduced it has retained The Raine Group LLC as monetary advisor, Kirkland & Ellis LLP as authorized advisor, and August LLC as strategic communications advisor to help the corporate in upcoming negotiations for media rights contracts and the attainable sale of the corporate.
“WWE’s upcoming media rights cycle will happen amid a quickly evolving media and leisure panorama, and we consider exploring our strategic alternate options at this vital juncture will allow WWE to totally capitalize on the numerous worth of our mental property,” mentioned Vince McMahon, who pressured his method again into the corporate’s management final week through the use of his majority share possession to elect himself government chairman. “I’m extremely assured that our excellent Administrators, exterior advisors and government group will present priceless experience and counsel to assist information the Firm via this vital course of whereas our administration group and worker base proceed to ship outcomes and content material our followers love.”
The Wall Avenue Journal had reported the corporate retained JPMorgan in an advisory capability in contemplating potential acquisition suitors. Nonetheless, WWE by no means confirmed the Journal’s reporting and JPMorgan was absent from this new announcement of advisory entities.