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Post by lookout on Jan 11, 2023 10:10:30 GMT -5
No deal in place yet. All that tells me is there is simply just a hold up...whether it be money or IMO the really obvious ole raggedy ass lookin pink 8 trunk elephant lookin creep in the room that Vince is not gonna sell to anyone that does not put him back in complete controll. I'm wondering if it was a designed leak to test the waters...although that too is concerning since it means its a serious consideration to sell to them. Its hard to see this as the run of the mill wrong newz thing. All of it is maddening as fans, I can't imagine how the employees/talent are taking it.
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Post by honsou on Jan 11, 2023 10:11:14 GMT -5
My guess is that the Saudis are prepared to offer an obscene amount of money and WWE is looking to see who can match it or get close. Also Vince probably wants to sell to someone who would give him most of the control. Those would all in theory favor the Saudis but who the heck knows at this point
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Post by smokinvokoun86 on Jan 11, 2023 10:12:37 GMT -5
I think it’s just another example that wrestling “journalism” is trash. If it actually was happening, it would be CNBC or a legit news, certainly not SRS or Meltzer.
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Post by mistery on Jan 11, 2023 10:14:45 GMT -5
CNBC has also said that the only two groups who seem really interested in buying WWE at the moment are NBC Universal/Comcast and Endeavor. There has been nothing from the Saudi side of things.
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Post by 1 Free Moon-Down with Burger on Jan 11, 2023 10:14:51 GMT -5
Here’s the thing, if Saudi is offering the biggest amount of money, aren’t they obligated to take that offer since it’s the biggest payout for stockholder?
It just happens to be best of both worlds for Vince who gets to be back in charge most likely and gets the most money for it
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Post by "Evil Brood" Jackson Vanik on Jan 11, 2023 10:15:05 GMT -5
I would take denials from within WWE with a grain of salt. Dana White flat out denied the UFC sale rumors and said he might take legal action against those spreading the news. Then the UFC was sold like a week later. You deny everything until a sale is done.
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Post by Feargus McReddit on Jan 11, 2023 10:15:14 GMT -5
I think it’s just another example that wrestling “journalism” is trash. If it actually was happening, it would be CNBC or a legit news, certainly not SRS or Meltzer. Eh, Meltzer is established enough with people in the industry where TV deals and stuff would go through him but you’re right, something like this would be handed to a finance publication (probably not Wall Street Journal for…reasons).
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Post by Confused Mark Wahlberg on Jan 11, 2023 10:15:28 GMT -5
The consortium of Hannibal Lecter, Skeletor, & Palpatine have a competitive offer on the table, my sources say.
Vince isn't sure if they are quite evil enough to buy the company.
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Post by Finish Uncle Muffin’s Story on Jan 11, 2023 10:16:50 GMT -5
I think it’s just another example that wrestling “journalism” is trash. If it actually was happening, it would be CNBC or a legit news, certainly not SRS or Meltzer. SRS never reported it. SRS said it was a rumor he had heard, but he refused to confirm it or put any real stock behind it beyond saying that this is what people are talking about. Is it bad that he even gave it airtime? Arguably, but he was very skeptical about the whole thing last night. Cassidy Haynes from Bodyslam, who has gotten some stuff spot on lately, and a reporter from DAZN were the ones who went as far as "confirming it." My gut, having done publicity work for several acquisitions, is that yeah, CNBC or WSJ would likely be first to report on it if things were pretty close to buttoned up and then a leak happened. The wrestling media getting leaked stuff means it's probably at an earlier stage but that who knows, maybe they'll actually get the buyer right. There's a lot up in the air. With the benefit of a few hours away from it, yeah, maybe it's them testing the waters, but it could have also been some bad info that went wild. In other words, we're kind of back at square one and given where we were last night, I guess I'll take that.
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Post by TOK Is the Target Demo on Jan 11, 2023 10:17:15 GMT -5
I would take denials from within WWE with a grain of salt. Dana White flat out denied the UFC sale rumors and said he might take legal action against those spreading the news. Then the UFC was sold like a week later. You deny everything until a sale is done. WWE is a publicly traded company, they have a much longer and public process to go through.
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legendkiller1985
Don Corleone
If I'm going to have a past, I'd prefer it to be multiple choice
Posts: 1,704
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Post by legendkiller1985 on Jan 11, 2023 10:17:24 GMT -5
I'm not a financial expert but isn't this considered insider trading and if so that is a very serious crime.
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Post by polarbearpete on Jan 11, 2023 10:17:26 GMT -5
I would take denials from within WWE with a grain of salt. Dana White flat out denied the UFC sale rumors and said he might take legal action against those spreading the news. Then the UFC was sold like a week later. You deny everything until a sale is done. Those rumors came from legitimate sources, though, no? This was being “reported” by the more shady side of wrestling Twitter.
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Zone Was Wrong
Bill S. Preston, Esq.
Currently living off the high that AEW brings every Wednesday and Friday
Posts: 17,445
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Post by Zone Was Wrong on Jan 11, 2023 10:17:35 GMT -5
Not ready to wipe my brow in relief just yet. I'm not going to relax until it's sold to anyone other than the Saudis.
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Post by government mule on Jan 11, 2023 10:20:07 GMT -5
I've got £31 in my wallet that I can give towards a buyout, who wants to come in with me? It's just me and Von Wagner at the moment, but he still owes me £20, the c***.
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Deleted
Deleted Member
Posts: 0
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Post by Deleted on Jan 11, 2023 10:20:59 GMT -5
We are still in a 5 alarm fire as long as that old fart is hanging around.
Sell to anyone not the Saudis and Vince immediately out on his ass never to return is the best scenario here anything else is just....well f*** this.
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Post by TOK Is the Target Demo on Jan 11, 2023 10:21:28 GMT -5
I'm not a financial expert but isn't this considered insider trading and if so that is a very serious crime. This has zero to do with insider trading. That's when someone uses specific, privileged information that would normally only be known by high-level executives and other employees with special clearances to sell off stocks. Those employees must follow a lengthy process to sell off their stocks to ensure that they aren't using private information to profit off of a public company.
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Post by "Evil Brood" Jackson Vanik on Jan 11, 2023 10:26:11 GMT -5
I would take denials from within WWE with a grain of salt. Dana White flat out denied the UFC sale rumors and said he might take legal action against those spreading the news. Then the UFC was sold like a week later. You deny everything until a sale is done. Those rumors came from legitimate sources, though, no? This was being “reported” by the more shady side of wrestling Twitter. The only point I am making is that I would not take internal WWE denials related to anything regarding this sale that seriously. CNBC and others? Sure. But I think we should all keep in mind that there's a lot of things we simply can't and won't know until it happens.
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legendkiller1985
Don Corleone
If I'm going to have a past, I'd prefer it to be multiple choice
Posts: 1,704
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Post by legendkiller1985 on Jan 11, 2023 10:26:13 GMT -5
I'm not a financial expert but isn't this considered insider trading and if so that is a very serious crime. This has zero to do with insider trading. That's when someone uses specific, privileged information that would normally only be known by high-level executives and other employees with special clearances to sell off stocks. Those employees must follow a lengthy process to sell off their stocks to ensure that they aren't using private information to profit off of a public company. Thank you, I always heard the term but never really 100% knew what it meant
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Post by Lizuka #BLM on Jan 11, 2023 10:26:21 GMT -5
You know things are truly f***ed when you've got multiple potential options on the table and find yourself going, "Pleeeeease be Comcast."
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Post by Zombie Mod on Jan 11, 2023 10:27:34 GMT -5
2023 has been a f***ing long year in wrestling.
what?
WHAT DO YOU MEAN IT'S ONLY BEEN ELEVEN DAYS?!!!?!!!!!
f***!
if wwe ends up in the hands of the saudi government funded company, I'm done as a wwe fan and probably as a wrestling fan as no other company seems to stick with me.
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