Rumor Regarding a Possible Sale of WWE to AMC Network Causes Mid-Day Spike in WWE Stock

March 13, 2014

wwe sale Earlier today, SeekingAlpha.com sent out an alert noting that the WWE stock saw a mid-day spike following rumors of the AMC Network expressing interest in purchasing WWE.

The rumor comes from a blog posted over at Betaville123.co.uk, and the following is an excerpt.

You can read the blog in full by clicking on the above link.

"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."

Nick was born and raised in Detroit, Michigan, and lived there until the age of 18, when he decided to pack his flack jacket and move to New York City.

Nick attended New York University and graduated in 2001 with a degree in Drama.

Nick first entered the internet wrestling community back in 2004 when he became the co-host of The Voice of Wrestling Radio Show. From there, Nick made the transition from radio personality to editor when he began working with WrestleZone in 2008.

Nick is a member of two Off-Broadway theatre companies, Another Urban Riff, and the Drama Desk Award winning Godlight Theatre Company. Nick has appeared in over a dozen Off-Broadway plays since he moved to New York City, and has shot several short and feature length films. In 2010, he completed principle photography on a film titled "How to Score Your Life," which also features TNA Knockout ODB.

Inspiration in his life has come from many people including his family, Woody Allen, Steven Spielberg, Jack Nicholson, The Beatles, and of course, Lassie.