-

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.


Discover more from Wrestling-Online.com

Subscribe to get the latest posts sent to your email.

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

Charlotte Flair and Andrade get divorced

TMZ.COM is reporting that Charlotte Flair and Andrade have divorced after Flair filed papers in June 2024. The divorce...

Official press release of the launch of WWE EVOLVE on Tubi

WWE and Tubi, Fox Corporation’s ad-supported streaming service, today announced the launch of WWE EVOLVE which will showcase in-ring...

Royal Rumble 2025 records in numbers

In a press release issued today, WWE announced that the 2025 Royal Rumble became the most-successful and highest-grossing Royal...

Discover more from Wrestling-Online.com

Subscribe now to keep reading and get access to the full archive.

Continue reading