RUMOR: Viacom planning to buy TNA? ADMIN Eviliser: If this is true then TNA might be the next big thing. Source: ireport.cnn/docs/DOC-1054144 NEW YORK CNNMoney report: There is a strong.. strong feeling within TNA Wrestling Entertainment, not only in the ups in the office, but with the workers, too, that the announcement of the companys sale to Viacom could be made soon, it is expected to be confirmed imminently. A number of TNA employees who, only a few days ago, did not believe the talk of a sale had any truth to it like AJ Styles, now look at the sale as being imminent. Eric Bischoff is believed to be behind the Viacom bid. Terms of the deal were disclosed in a small way , Viacom will pay more for TNA Wrestling Entertainment thin WWF did for WCW . Michael Nathanson said that Jeffrey Leonard Jeff Jarrett would retain a minority stake financial gain more shares up to %40. Viacom had brought on board Jeff Jarrett as a part owner and an active player in TNA Wrestling’s future, but said little else about how the brand would change. the latest in a series of purchases In fall 2011, the company paid around $50 million for a majority stake in Bellator Fighting Championships, according to people with knowledge of the deal who did not want to be identified discussing internal company business. While the sum is astronomical by MMA standards, the sum represents approximately 1% of the five billions dollars in cash that Viacom is sitting on. The cash-cow businesses owned by Panda Energy International, Inc parent company. It is the end of an era for Panda Energy International, Inc. the purchase should be financially manageable. TNA is worth about $1.2 billion, according to estimates by Viacom , which means the purchase price is about 3 percent of Viacom net worth. I think there’s is low-hanging fruit on the revenue front thats why the sale is already over” analyst Michael Nathanson said. The quoted analyst Michael Nathanson wrote in a research note that I think this is very scary if your name is Vince McMahon. Viacom will pay more for TNA Wrestling Entertainment thin WWF did for WCW .Viacom and Spike TV has enjoyed an extremely successful working relationship with TNA Wrestling, over the past several years, and we anticipate that relationship continuing,we are always interested in adding properties to our portfolio that will expand our presence and position in the field of sports entertainment. Unlike the limitations of Bellator Fighting Championships Viacom is looking to produce 40 to 50 hours a week a cross all television network owned by Viacom . TNASYLUM/EVILISER
Posted on: Tue, 29 Oct 2013 05:54:42 +0000
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