– It has been rumored this afternoon that AMC Network is interested in buying World Wrestling Entertainment, with WWE’s stock spiking 7% as a result.
“Good sources tell me cable group AMC Networks has been sniffing around World Wrestling Entertainment Inc, the US-listed company behind those ridiculous wrestling programmes, such as WWF, Raw and Smackdown.
AMC Networks has held at least one exploratory conversation with WWE – which saw its shares rise by about 30pc during last week – about some kind M&A transaction in recent months, according to “people familiar with the matter”. However, the talks are understood to have not gone anywhere.
Another source said bankers from UBS have been advising AMC Networks, owner of Sundance TV, on a potential deal and financing options.
This well-placed source said any transaction may value WWE at between $2.6 and $2.8bn.”
The Hottest WWE news, photos and videos delivered to your inbox in one convenient newsletter. Sign up now and give it a try!
|6||Ex-TNA World Heavyweight Champion Tells Fans Who Didn’t Like Slammiversary To Go F**k Themselves|
|4||Update On Kurt Angle Undergo Neck Surgery To Remove A Tumor On His Neck|
|4||WWE Censors Cesaro After He Flipped Off John Cena During Their Match On RAW|
|3||TNA Reportedly Tells The Production Team That Payments Will Be Late Again|
|3||TNA Star Works His Last Match In The Promotion On Saturday Night|