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Vince McMahon Sells WWE To Panda Energy, TNA (April Fools)

Posted by Evan Fein On April - 1 - 2010

(Orlando, Fla.) In a shocking move, Vincent Kennedy McMahon, majority owner and chairman of publicly traded company World Wrestling Entertainment (NYSE: WWE) sold his wrestling promotion to Panda Energy International, the major stakeholder in rival promotion Total Nonstop Action Wrestling.

The two parties had engaged in secret negotiations in the weeks prior to Wrestlemania 26 and kept the deal shielded from the public eye. The WWE's board of directors approved the transaction at 10:32 PM EST last night and the deal is expected to be approved by the SEC and finalized later this week.

Dixie Carter, President of TNA, issued a public statement about the deal. "We would like to thank the McMahon family for being coope...

Get the full article at Bleacher Report - Pro Wrestling is the owner of this article.

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