Update On WWE Reportedly Making Bid To Buy Out TNA Wrestling
As noted, the New York Post reported over the weekend that WWE recently made an offer to purchase TNA Wrestling. On the latest episode of Wrestling Observer Radio, Dave Meltzer confirmed the story, while providing some new information.
According to Meltzer, WWE has made at least one offer to buy TNA, however their offer was “unofficial” and didn’t take place anytime recently. Essentially, WWE’s main interest is acquiring the tape library of the promotion.
It’s worth noting that new TNA President Billy Corgan reportedly invested more money to acquire 30-percent ownership than WWE offered to buy the entire company.
The leading candidate to buy out the entire company right now appears to be Corgan. He hopes to acquire the company before their big “Bound For Glory” pay-per-view, which goes down on October 2nd.