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WWE Free-for-All Looms as Investors Await Succession: Real M&A

To spark a bidding contest for World Wrestling Entertainment Inc., all Vince McMahon needs to do is wave a “for sale” sign.

McMahon, 68, controls the voting power of the $2.3 billion company that’s been entertaining spectators with staged fights for decades. The stock is at a record after WWE launched its own subscription streaming network and became the subject of takeover speculation. Should McMahon ever decide he’s ready to sell, companies from Comcast Corp. to Madison Square Garden Co. may line up with offers, Albert Fried & Co. and National Alliance Capital Markets said.