Vince McMahon Reportedly Has A Standing Offer From Endemol Founder To Buy WWE
Who knows if there’s anything to this, but if there’s even a lick pf truth to it, it’s very interesting: The New York Post reported last night that John de Mol, the Dutch billionaire media mogul who founded Endemic and Talpa Media, has a standing offer to Vince McMahon to buy WWE if he ever wanted to sell. Talpa Media bought 6% of WWE’s public stock last year, but the way that WWE Stock is structured, even buying all of the public stock couldn’t enable a hostile takeover. This is because the McMahons have a different class of stock with greater voting power. Endemol is one of the biggest media companies in the world, and had a previous wrestling connection when they produced Ring Ka King, the sort of TNA spinoff that Jeff Jarrett ran for a season in India.
The Post reached out for comment on the story and got responses from both sides. First, from WWE:
WWE, controlled by founder and Chief Executive Officer Vince McMahon through Class B shares, isn’t in any discussions about a potential sale.
And here’s what de Mol’s spokesperson said:
We do not comment or give explanations on the investments of John de Mol and therefore also not with respect to his investment in WWE.
Obviously, if anything else comes out with regards to this story, we’ll keep you updated.