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UFC parent company Endeavor held their fourth quarter and full year earnings call for 2022 this afternoon.
During the call, Endeavor CEO Ari Emmanuel was asked about the potential of purchasing World Wrestling Entertainment.
Emmanuel commented:
"As it relates to WWE, it's an unbelievable product. Vince is an unbelievable...he's created a great business. We've had a long standing relationship with them over two decades. We're doing, as I indicated, the On Location business with them, The Endeavor Streaming with them. You know, his business is really valuable, but we're not going to do anything as it relates to changing our leverage position right now."
Earlier in the call, it was noted that they are doing what they need as a company to de-leverage their debt, so the implication was that they were not seeking to accumulate additional debt by purchasing WWE, which Vince McMahon reportedly is seeking $9 billion for.
Jason Lublin, the company's Chief Financial Officer, followed up by noting they have over $750 million of cash in their balance sheet and they are an "inquisitive" company and are committed to deleveraging and using everything they have to create the most shareholder value.
So, unless they were playing coy on purpose, it does not appear Endeavor is on the hunt to purchase WWE.
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