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Financial Sites Reporting Rumor Of AMC Networks Wanting To Buy WWE

spike

spikeWWE spiked 7% on Thursday afternoon based on a rumor that AMC Networks is interested in buying the company.

In the midst of WWE’s ongoing TV rights fees negotiations, AMC has been one of the companies interested in WWE programming, along with and Viacom and FOX. AMC Networks is the parent company of cable channels AMC, IFC, WE tv, and SundanceTV.

Backstage Update On WWE TV Negotiations: Spike To Drop TNA For WWE?

Financial blog Betaville was the first source to report on the story:

“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.”

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39 Comments

  1. thebigbadgrim@live.com'

    SomeInternetGuy

    March 13, 2014 at 1:39 pm

    LOL, who the hell fell for that one?

    • mattgallagher333@gmail.com'

      Matt Gallagher

      March 13, 2014 at 2:12 pm

      What do you mean?

    • yea@aol.com'

      FTV

      March 13, 2014 at 2:30 pm

      Why is that not believable?
      Anything can happen with tv networks.
      Never expected a show like That 70s Show to go to ABC Family but it did in 2008, which its 3 main topics it used for humor were sex, beer, and drugs.

      • rabidpictures@gmail.com'

        yrabadi

        March 13, 2014 at 2:50 pm

        It seems like an uneducated guess though… Have a look at the text there – this dude didn’t do his research.

    • PS3Urbantactics@yahoo.com'

      FOLEY_is_GOD

      March 13, 2014 at 2:59 pm

      SEScoops of course, who else?

      • likuidm5@gmail.com'

        Mr 561

        March 13, 2014 at 4:16 pm

        What did we fall for? We didn’t say the rumor is true, we’re reporting that price of WWE’s stock spiked due to a rumor reported by a financial news blog. Fail.

        • rontez.vaughan@gmail.com'

          Topshelfhempburner

          March 13, 2014 at 5:35 pm

          bruh dey wrestling fans.. come here daily for entertainment.. Then sh*t on everything. Just like they watch wwe basically worship wrestling then come here and talk sh*t about it like it doesn’t occupy 90% of their time LOL

          • bbrave518@gmail.com'

            ibeBrave

            March 14, 2014 at 3:24 am

            AMENNNN

          • phenomenal2k9@yahoo.com'

            Kobe's.White.Brother

            March 14, 2014 at 11:06 am

            Lmao TRUTH

        • pennyundead@rocketmail.com'

          Roger Penland

          March 13, 2014 at 7:53 pm

          By “WE”, you mean “You”. Right?
          This site isn’t news anymore. It’s basically all rumors.
          Should be renamed to “SERUMORS”.

        • habadaba@habadabamail.com'

          Donny Octave

          March 16, 2014 at 9:34 am

          Yeah.. they just wanna make you all look stupid… If you hadn’t noticed by now.

    • askbillmitchell@yahoo.com'

      askbillmitchell

      March 14, 2014 at 11:17 am

      The same investors who fell for the notion that Donald Trump actually bought a television show.

  2. spicydragon@outlook.com'

    Dixie Carter

    March 13, 2014 at 2:51 pm

    I can buy WWE with the finical backing of Spike TV and Panda Energy! Vince we are taking over!

    • isaachodgson@yahoo.com'

      Ice

      March 13, 2014 at 3:57 pm

      You can’t even maintain TNA. Just look at your sorry team, y’all lost this past Sunday.

  3. dae5@yahoo.com'

    dae

    March 13, 2014 at 3:03 pm

    This would not be best for business. AMC would have to carry Raw and SmackDown, otherwise many people will be shut out of WWF/E programming. Sundance and IFC are both cable box only stations where I’m at and I’d assume that it’s the same in many other places as well.
    Viacom and Fox would be better choices, but I just can’t see Monday Night Raw replacing American Idol, Glee, or Fox’s other shows on the big network and Fox Sports regional networks (like Fox Sports Detroit) carry local teams and would preempt the shows. I can’t see FS1 covering it, maybe FS2, but both of those networks are cable box only in many areas, too.

  4. buzzardfollower2@gmail.com'

    Buzzard Follower

    March 13, 2014 at 3:07 pm

    wake me up when this $#!+ is over

  5. mrilluminati6@gmail.com'

    Vince McMahon

    March 13, 2014 at 3:28 pm

    this article is bull$hit. im never selling the WWE. don’t believe the dirt sheets.

    • 2greycats@embarqmail.com'

      brenda

      March 13, 2014 at 4:30 pm

      Thank you Vince!!!!!!! Can not believe what i have read…..for those who like WWE owned by the McMahon let them know!!!!!!!

    • mwilliamswwe30@gmail.com'

      Michael Williams

      March 14, 2014 at 9:55 am

      Vince lets see war again and cursing on tv why not let them wwe go to spike tv and TNA is going to end up going to USA anyhow…

      • mrilluminati6@gmail.com'

        Vince McMahon

        March 14, 2014 at 6:54 pm

        it’s great but it doesnt bring in as much money as what our current product does. I’ll only do what’s best for business.

        • mwilliamswwe30@gmail.com'

          Michael Williams

          March 14, 2014 at 8:22 pm

          Then add Monday night raw to four hours and smackdown three hours

          • mrilluminati6@gmail.com'

            Vince McMahon

            March 14, 2014 at 9:00 pm

            we barely have enough good content for 3 hours, why would we make it 4? to give guys like brodus clay the “main event playa” more TV time? no way.

          • anonymized-1285425774@disqus.com'

            Guest

            March 14, 2014 at 11:04 pm

            true but yeah I don’t like him either how about you hire me ill make your ratings go up im big on cursing and im another steve Austin i’ll whip your ass any time

          • mrilluminati6@gmail.com'

            Vince McMahon

            March 15, 2014 at 12:56 pm

            how about you f*ck off

    • mwilliamswwe30@gmail.com'

      Michael Williams

      March 14, 2014 at 9:57 am

      if it’s true just saying lol

    • askbillmitchell@yahoo.com'

      askbillmitchell

      March 14, 2014 at 11:15 am

      Sorry you don’t have any say in who acquires the WWE, that’s up to those that are willing to sell their outstanding shares and the SEC.

      • stoops2you@gmail.com'

        Stoops Nic

        March 14, 2014 at 6:32 pm

        He’s the majority share-holder.

        • mrilluminati6@gmail.com'

          Vince McMahon

          March 14, 2014 at 6:52 pm

          what he said

        • askbillmitchell@yahoo.com'

          askbillmitchell

          March 15, 2014 at 7:50 pm

          You missed the SEC part of my response. If the SEC wants Vince to step down, Vince will step down.

          • stoops2you@gmail.com'

            Stoops Nic

            March 16, 2014 at 12:44 pm

            So if the SEC asks VKM to step down he will? Do you even know who VKM is? He’ll leave when he wants. The SEC can not make people give up their companies. This is not communist China.

          • askbillmitchell@yahoo.com'

            askbillmitchell

            March 17, 2014 at 7:35 pm

            The SEC can force anyone to remove themselves from a officer position within a US company (usually by proxy of the board of directors). It’s the government, they can do whatever they want. They could also dilute the stock, or force a split barring Vince from blocking the acquisition of those newer shares. The SEC controls what happens to publicly traded companies (and that is the underlying point) – The only way McMahon could fend off any sort of take over by the SEC is withdraw from the stock exchanges, and go back to being a private company (all he has to worry about then at that point is abiding to CT state securities law). Owning a company in the United States is a privilege not a right, so there is nothing stopping the SEC or any branch of the DOJ for that matter, from forcing board of directors to fire CEO’s or force them to sell the company. Unlike the treasury in the US, the SEC has more power and they can wield said power.

  6. jeremycounty@yahoo.com'

    Jeremy-County Roberts

    March 13, 2014 at 3:36 pm

    next story update will be bout Nick wanting to buy WWE

    • askbillmitchell@yahoo.com'

      askbillmitchell

      March 14, 2014 at 11:19 am

      That would be Viacom the same parent company that owns both Nick AND Spike. Viacom already barked up the “lets buy a wrestling” company several times in the past, that is why they have majority own in a MMA company.

  7. onecentx@gmail.com'

    OnECenTX

    March 13, 2014 at 3:42 pm

    I can see why AMC is seriously considering bringing in WWE programming to the AMC channel. AMC is a male driven network with Mad Men, Breaking Bad, Walking Dead and soon to be DC’s Preacher and Better Call Saul. And to have Mondays and Fridays book with Raw and Smackdown, that gives AMC three nights of programming (Sundays usually with their AMC Drama shows) and adds a different male demographic to the channel that wasn’t there before (not sure how many WWE fans are watching Mad Men and Walking Dead???) It would just make AMC a much more broader network and it also competes with the FX channel and their drama series and UFC connection with Fox.

  8. shamwowsucks14@gmail.com'

    Yofiel Malachi Yacov

    March 13, 2014 at 3:52 pm

    This news is a work,and its working. I should have bought wwe stock 2 years ago. Damn myself.

  9. robertolita66@yahoo.com'

    Bodacious Bob

    March 13, 2014 at 4:46 pm

    Having the writers of the Walking Dead write Raw and Smackdown would be way better than the no talent reality tv hacks they currently have.

  10. mattgallagher333@gmail.com'

    Matt Gallagher

    March 13, 2014 at 5:16 pm

    Buying wwe? Imagine the voice before walking dead saying previously on Monday night raw, I could see them buying them and having it be pg 13 the way amc’s shows are

  11. sargeassault@yahoo.com'

    Pfc Mark Kevin Apalisok

    March 15, 2014 at 3:45 am

    SELL WWE TO PARAMOUNT!

  12. jimmyjohn5457@yahoo.com'

    Jimmy John

    June 3, 2014 at 9:36 pm

    Rick Flair, Hulk Hogan, sting, Diamond Dallas page, The rock, Stone Cold Steve austin Bradshaw, Ted Debiase, Mick Foley and the slobber knocker Oklahoma’n good Ole JR,.. All form a company and buy the WWE as a collective unit.

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