Will Vince McMahon wrestle a potential WWE buyer into place? Speculation has been swirling that the CEO and chairman of World Wrestling Entertainment Inc. may sell the company.
The Stamford, Conn.-based company is worth an estimated $2.3 billion and its stock is at an all time high, according to Bloomberg News.
But TheStreet.com reports that rumors about at least one possible deal are not true.
The financial news website, citing a source close to the situation, said AMC Networks is not in talks to buy the WWE, despite buzz to the contrary.
Sports news site Bleacher Report says it’s more likely that McMahon, WWE’s CEO and chairman, will hand the reins of the company to his son-in-law, Paul Levesque, who goes by “Triple H” in the wrestling world, and daughter Stephanie McMahon, Levesque’s wife who currently works as a company executive.Matt Rocheleau can be reached at email@example.com. Follow him on Twitter at @mrochele.