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During the same appearance Thursday where he confirmed WWE will hold a live event in India this September, WWE CEO Nick Khan revealed that he questioned Vince McMahon on what was really driving his return to the company this past January.
Speaking at the MoffettNathanson's Technology, Media, and Telecom Conference, Khan was asked about the developments that led up to the decision to merge WWE with Endeavor's UFC to create a new publicly-traded public company named TKO, subject to regulatory approval.
"When he (McMahon) came back…he and I had a private conversation, which he’s certainly comfortable with me sharing today, where I said, ‘Hey, just tell me is this real because there’s some scuttlebutt out there that maybe this is just your way to come back in to your company.' Which, again, he would have the right to do also, and he said, ‘No, I’m committed to it. I give you my word,' Khan said.
He said McMahon's insistence in having a "strong banker" involved in the sale exploration process also showed he was serious
"Lo and behold, he was serious about the process and the deal was finalized April 1st and announced the morning of April 3rd before the market opened," Khan said.
After resigning from WWE last summer due to the scandal regarding his alleged hush money payouts to women for sexual misconduct over the years, McMahon orchestrated his return this past January to facilitate a sale.
If approved, the merger is expected to go through later this year.
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