Report: WWE Put In A Bid To Buy TNA

According to the New York Post, WWE has expressed interest in purchasing TNA. In a recent article about TNA President Billy Corgan’s plans to take over the company, the Post noted that WWE had made a bid on TNA.

The Post speculated that TNA would sell for $40 million, but industry insider Dave Meltzer says that figure is far too high. “Take one zero off,” Meltzer said of the rumored $40 million price.

Corgan says he’s agreed on a price with TNA’s other shareholders, and that he plans to use his celebrity to open new doors for the company.

“Our providing story lines in people’s lives is overlooked,” he said. “So is the multicultural aspect of wrestling as a perfect sell to advertisers. I can get anyone I want to listen to my vision.”

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