Source: The Wrestling Observer Newsletter
UPDATE: According to sources, there isn’t believed to be anything to the rumor that AMC has had talks about buying WWE. As previously reported, CFO George Barrios mentioned just last week that they weren’t in talks about any sort of merger and no one within the company is giving the rumor any credence. At least two sources claimed the report was “bullshit.”
ORIGINAL: WWE’s Stock saw a spike in trading in the middle of the day after a rumor hit of the AMC Network expressing interest in buying the company. The rumor started on financial blog Betaville, which claimed that they had sources which said that AMC “has been sniffing around World Wrestling Entertainment Inc.”
The site claims that AMC has had at least one conversation with WWE exploring the idea according to one source, with another source saying that UBS bankers have been advising AMC on a potential deal and financing plans. The source says WWE would be valued at $2.6 billion and $2.8 billion.
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