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Report: WWE Enters Negotiations To Buy TNA

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As previously noted, WWE reportedly made an offer to purchase TNA Wrestling from the current owners. Soon after the reports became public knowledge, differing opinions regarding WWE’s motivation behind the move began to surface.

Dave Meltzer of F4WOnline.com reported last week that WWE’s offer to TNA wasn’t that recent, and that they were really only interested in acquiring the tape library of the promotion. However, the Wrestling Observer Newsletter editor is now reporting that a legitimate buy-out offer was made at some point, and is actually still an option if no other buyers end up acquiring the company.

Additionally, F4WOnline noted on Tuesday’s edition of Wrestling Observer Radio that WWE is apparently back in the picture in terms of potentially buying the company outright.

It’s worth noting that despite the fact that Billy Corgan replaced Dixie Carter as the TNA President, and even invested into ownership of the promotion himself, that the former female head of TNA still has the rights to sell to whichever buyer(s) she sees fit. Meltzer noted that the situation regarding TNA and the potential sale has become “very complicated.”

The Smashing Pumpkins frontman noted during an ESPN interview this week that buying the company is still a possibility, but would be weeks away at best. According to Meltzer, however, Corgan must first make a deal to fund the TNA Bound For Glory pay-per-view this Sunday, as well as the follow-up television tapings in Orlando, Florida next week.

 

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