WWE BUSINESS: WWE interim CFO addresses EVOLVE acquisition during conference call with investors


Posted on 8/02/120 by Colin Vassallo



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.

Return To Pro Wrestling Between The Sheets Message Board