-

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

Crown Jewel 2024 results

Here are the results from the Crown Jewel 2024 event which took place from the Mohammed Abdo Arena in...

Sami Zayn lays out Roman Reigns by mistake after loss to Solo’s Bloodline

The Bloodline storyline got even more complicated at the Crown Jewel show with the re-introduction of Sami Zayn. Solo's Bloodline...

Goldberg announces WWE retirement match for 2025

Appearing on SEC Nation, WWE Hall of Famer Bill Goldberg announced that he will be having his retirement match...

Discover more from Wrestling-Online.com

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

Continue reading