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Unsealed Filings Show Tony Khan-Linked Base 10 Bid $6.9 Billion for WWE in 2023

The disclosures fuel a shareholder case contending WWE’s sale to Endeavor was not fully competitive, with trial set for June.

Overview

  • Unredacted Delaware Chancery Court documents identify Base 10 as a $6.9 billion bidder for WWE alongside KKR, Liberty Media, and Endeavor.
  • Filings describe Base 10 as the owner of All Elite Wrestling, while Florida records list Tony Khan as Base 10’s sole officer at a Jacksonville Jaguars stadium address.
  • Offer ranges reported in the filings were KKR at $8.0–$8.7 billion, Liberty Media at $8.5–$8.9 billion, and Endeavor at about $8.5 billion in an all‑stock deal that won and formed TKO.
  • WWE regulatory materials note Base 10’s bid required equity and debt financing partners; higher bidders were granted data‑room access, and the filings show no indication Base 10 received similar access.
  • Vice Chancellor J. Travis Laster permitted broader unsealing after a sealing challenge that KKR opposed; defendants deny a prearranged sale, and the shareholder trial is scheduled for June 2026.