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Update on WWE’s Bid to Purchase TNA

vince-mcmahon-tna

As we previously reported, The New York Post stated that both ROH parent company Sinclair Broadcasting and the WWE have put in bids to purchase TNA.

Dave Meltzer of Wrestling Observer Radio reports that while the WWE’s bid to purchase TNA is in fact a legit one, it is described only as if nobody else purchases the company. It seems as though WWE is only interested in the TNA video library to help promote stars such as Samoa Joe and WWE Champion AJ Styles.

Meltzer also reports that the sale is down to current TNA President Billy Corgan and a second party, however, there are several non-disclosure agreements as far as the second party goes.

We’ll keep you updated as we learn more.

  • Dusty Carroll

    I think they should all work out a deal to combine the major stealing organizations around the world. An alliance between RoH, TNA, New Japan, Mexico, British, and any other decent size companies. They would come together under something like the NWA did back in the day in which they still remain separate, but they do events together, promote together, etc. Even have a world alliance champion, tag Champs, and so on, and all still have their old belts as well. Maybe even have a show that comes in weekly that shows the competition between the organizations.

  • Nicholas2778

    Man how you think Cody Rhodes is thinking right about now he just getting there. Now he could be working for the WWE yet again.

  • D2K

    I think unless Corgan can get a conglomeration together like Bischoff did it’s only a matter of time before Vince owns TNA. If only Jarrett had waited….

  • CC

    From a library point of view, considering how many current roster have been in TNA at some point, you would get a much fuller career overview in DVDs etc.
    From a business point of view, it needs to be someone else who can actually drive the company forward.
    I don’t see ROH/Sinclair being a good option for that considering how ROH is compared to WWE and TNA as its far closer to an indy promotion than the big leagues, and TNA needs to be big league if we are going to get a WWE that produces its best stuff again.

  • VRA

    Wow…I hope they do end up buying it. It would be cool to have all that content at your finger tips, certainly help the WWE build a couple of more decent stars on the rosters from current active TNA stars, and would allow the elements from TNA already to build their following to become those mega WWE stars.