Tony Khan Addresses Bidding For WWE In 2023

All Elite Wrestling's Tony Khan has addressed his attempt to purchase WWE while the company was up for sale in 2023, noting on Coach & Bro that he believes he made a very reasonable offer.

"I was very interested in the process and I think that if there was going to be a sale, I would at least have wanted a chance to be involved. If it had gone for any less than that, I would have really kicked myself. While respecting the confidentiality of that, I would say I don't have any complaints about that process from my side right now. While respecting the confidentiality of the whole thing, I also would say that, at the time, that seemed like to me, just reiterating, if it had gone for any less I would have kicked myself. Why wouldn't you put in a bid? I thought it was a very reasonable number," Khan stated.

It was revealed in legal filings earlier this year that Base 10, a company backed by Tony Khan, offered $76.83 per share for WWE during the bidding process to acquire the company in early 2023. When converted to company value, Khan's cash offer was $6.9 billion.

Endeavor's all-stock offer worth $8.5 billion was ultimately accepted, and the WWE-UFC merger split 51/49 between Endeavor and WWE shareholders was completed in September 2023. The merger is currently the subject of a shareholders' lawsuit, though, in which it is alleged that Endeavor was pre-selected to assure Vince McMahon's future with WWE.

H/T F4WOnline