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.
WWE: Charlie Dempsey Added To NXT North American Title Gauntlet Eliminator Match for 3/24 WWE NXT Show, Paul Heyman on “WWE Would Be Remiss” If They Fail To Sign Zilla Fatu, Braun Strowman on “Sometimes The Scripts Sucked” in WWE
Ted DiBiase Jr. Welfare Fraud Criminal Case & Trial Update – DiBiase Jr. Found Not Guilty on All Charges
WWE Reportedly Planning WWE Saturday Night’s Main Event Show For This July at Madison Square Garden
