-

WWE interim CFO addresses EVOLVE acquisition during conference call with investors

During the conference call with investors, one of the questions was regarding WWE’s purchase of EVOLVE. Up until this week, WWE had not acknowledged publicly that the company acquired EVOLVE and no press release was ever sent.

Interim Chief Financial Officer Frank Riddick described the acquisition as a “content purchase deal” which was “very straightforward and very small in size in terms of investment.”

Asked if there were some other assets for sale in the current environment, including in mixed martial arts, Riddick said that they are not actively looking at any MMA opportunities but “hopefully they will come along.”

Riddick also said that the company is actively investing in new technologies in new areas and keeps looking for other opportunities but there’s nothing imminent.

Colin Vassallo
Colin Vassallohttps://www.wrestling-online.com
Colin Vassallo has been editor of Wrestling-Online since 1996. He is born and raised in Malta, follows professional wrestling and MMA, loves to travel, and is a big Apple fan!

Stories you might also likeRELATED
Recommended to you

LATEST NEWS

Dynamite: Grand Slam returning to Arthur Ashe Stadium on September 21

AEW announced that the Grand Slam Dynamite and Rampage will be returning to the Arthur Ashe Stadium in Flushing,...

Khan explains how Castagnoli’s debut came about

AEW's newest arrival, Claudio Castagnoli, was part of the post-show media scrum yesterday and described himself being in AEW...

ROH debuts new logo, Death Before Dishonor announced for July

Ring of Honor returns on pay-per-view on Saturday, July 23 at the Tsongas Center in Lowell, Massachusetts, with Death...
sports betting site betway