As we have previously reported, WWE was in talks with TNA to make a purchase. We were spot on with our report that WWE would be interested in purchasing TNA’s video library, instead of purchasing the brand as a whole. This deal makes a lot of business sense, given that most of the WWE superstars did work for TNA for a while, along with a few big names like the Hardy Boyz, Cody Rhodes still being associated with the brand. The deal has not been finalized yet, but it appears the deal is in place and the WWE is all set to take over TNA’s video library. WWE Hall of Famer, Jim Ross noted that the deal was imminent.
The deal was reported by Wrestlezone. WWE reportedly purchased all the tapes for all the matches that TNA has ever put on.
In other related TNA wrestling news, Billy Corgan will be the new majority owner of the company and is expected to rebrand the company when he takes over. Corgan was instrumental in getting TNA a last minute sponsorship deal heading to Bound for Glory, when TNA was staring at bankruptcy. Most of the board members wanted Dixie to be removed as the majority owner and it looks like that might happen soon. There has been no news as to how the brand may be renamed, but it is expected to be named something that the fans of TNA would know well.
Dixie has been named as the ‘cancer’ for TNA and it appears that things are slowly changing for the better under Billy Corgan. It has been long overdue according to industry pundits. Would the change in leadership help TNA establish itself as a legitimate threat to the WWE like it was initially? Time will only tell.
It is worth mentioning that Jeff Hardy, Matt Hardy, Bobby Lashley, Damien Sandow, Cody Rhodes and Drew Mcintyre (names used in WWE have been used to help readers relate better). Will they jump the ship and go back to the WWE? Time will only tell.