WWE is taking its upcoming media rights situation very seriously and have retained multiple advisors to help them with the process.
The following is a press release from WWE regarding the hiring of The Raine Group, Kirkland & Ellis LLP, and August LLC:
WWE Engages Outside Advisors to Support Review of Strategic Alternatives
01/12/2023
STAMFORD, Conn.–(BUSINESS WIRE)– WWE (NYSE: WWE) today announced that it has retained The Raine Group, LLC as financial advisor, Kirkland & Ellis LLP as legal advisor, and August LLC as strategic communications advisor to support WWE’s management team and its Board of Directors in connection with a review of strategic alternatives to maximize value for all WWE stockholders and other stakeholders.
Vince McMahon, WWE’s Founder and Executive Chairman said, “WWE’s upcoming media rights cycle will take place amid a rapidly evolving media and entertainment landscape, and we believe exploring our strategic alternatives at this critical juncture will enable WWE to fully capitalize on the significant value of our intellectual property. I am highly confident that our outstanding Directors, outside advisors and executive team will provide valuable expertise and counsel to help guide the Company through this important process while our management team and employee base continue to deliver results and content our fans love.”
There can be no assurances given regarding the outcome or timing of the strategic alternatives review process. WWE does not intend to comment further until the process has concluded or the Company has otherwise determined that further disclosure is appropriate or required.
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What do you make of this news? How do you see WWE’s future playing out in 2023? Let us know your thoughts by sounding off in the comments section below.
