{"id":156706,"date":"2023-04-05T10:03:44","date_gmt":"2023-04-05T15:03:44","guid":{"rendered":"https:\/\/www.pwtorch.com\/site\/?p=156706"},"modified":"2023-04-05T10:03:44","modified_gmt":"2023-04-05T15:03:44","slug":"law-firm-to-investigate-wwe-sale-to-endeavor","status":"publish","type":"post","link":"https:\/\/www.pwtorch.com\/site\/2023\/04\/05\/law-firm-to-investigate-wwe-sale-to-endeavor\/","title":{"rendered":"Law firm to investigate WWE sale to Endeavor"},"content":{"rendered":"<div id=\"pwtor-2977605113\" class=\"pwtor-before-content pwtor-entity-placement\"><hr \/><b>SPOTLIGHTED PODCAST ALERT (YOUR ARTICLE BEGINS A FEW INCHES DOWN)... <\/b>\r\n\r\n<iframe src=\"https:\/\/widget.spreaker.com\/player?show_id=3076978&theme=light&playlist=false&playlist-continuous=false&autoplay=false&live-autoplay=false&chapters-image=true&episode_image_position=right&hide-logo=false&hide-likes=false&hide-comments=false&hide-sharing=false&hide-download=true\" width=\"100%\" height=\"140px\" frameborder=\"0\"><\/iframe>\r\n<hr \/><\/div><p>Ademi LLP will be investigating the sale of WWE to Endeavor for &#8220;possible breaches of fiduciary duty and other violations of law.&#8221; The firm announced the investigation on Monday.<\/p>\n<p><a href=\"https:\/\/www.wrestlinginc.com\/1248396\/law-firm-announces-its-investigating-wwe-over-endeavor-sale\/\" target=\"_blank\" rel=\"noopener\">Wrestling Inc<\/a> is reporting that the investigation &#8220;asserts that not only is WWE stock being valued too low in the merger, but also that &#8216;[t]he transaction agreement unreasonably limits competing bids for WWE by imposing a significant penalty if WWE accepts a superior bid.&#8217; Additionally, it asserts that &#8216;[w]e are investigating the conduct of WWE&#8217;s board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for WWE.'&#8221;<\/p>\n<p>WWE and Endeavor announced on Monday morning that the company would be folded into the Endeavor portfolio and merge with UFC to create a $21 billion sports and entertainment company. Vince McMahon will serve as the executive chairman of the new company, which is unnamed at this time.<\/p>\n<hr \/>\n<p><strong>CATCH-UP:<\/strong> <a href=\"https:\/\/www.pwtorch.com\/site\/2023\/04\/04\/wwe-raw-receipt-4-3-a-mess-of-a-raw-after-wrestlemania\/\">HEYDORN\u2019S WWE RAW RECEIPT 4\/3: A mess of a Raw after WrestleMania comes on heels of Endeavor deal<\/a><\/p>\n<p>&nbsp;<\/p>\n<div class=\"pwtor-end-article-groups pwtor-entity-placement\" id=\"pwtor-811975268\"><div id=\"pwtor-1388212835\"><div align=\"center\" data-freestar-ad=\"__336x280\" id=\"pwtorchcom_medrec_3\">\r\n  <script data-cfasync=\"false\" type=\"text\/javascript\">\r\n    freestar.config.enabled_slots.push({ placementName: \"pwtorchcom_medrec_3\", slotId: \"pwtorchcom_medrec_3\" });\r\n  <\/script>\r\n<\/div>\r\n\r\nTHANK YOU FOR VISITING<\/div><\/div>","protected":false},"excerpt":{"rendered":"<div class=\"mh-excerpt\"><p>Ademi LLP will be investigating the sale of WWE to Endeavor for &#8220;possible breaches of fiduciary duty and other violations of law.&#8221; The firm announced the investigation on Monday. Wrestling Inc is reporting that the <a class=\"mh-excerpt-more\" href=\"https:\/\/www.pwtorch.com\/site\/2023\/04\/05\/law-firm-to-investigate-wwe-sale-to-endeavor\/\" title=\"Law firm to investigate WWE sale to Endeavor\">[&#8230;]<\/a><\/p>\n<\/div>","protected":false},"author":14,"featured_media":76837,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"episode_type":"","audio_file":"","podmotor_file_id":"","podmotor_episode_id":"","cover_image":"","cover_image_id":"","duration":"","filesize":"","filesize_raw":"","date_recorded":"","explicit":"","block":"","itunes_episode_number":"","itunes_title":"","itunes_season_number":"","itunes_episode_type":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2,3],"tags":[71],"class_list":["post-156706","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-prowrestlingnews","category-news_wwe","tag-wwe"],"jetpack_featured_media_url":"https:\/\/www.pwtorch.com\/site\/wp-content\/uploads\/post\/2019\/03\/WWEheadquarters-TitanTower_3x2_600.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/posts\/156706","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/comments?post=156706"}],"version-history":[{"count":2,"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/posts\/156706\/revisions"}],"predecessor-version":[{"id":156708,"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/posts\/156706\/revisions\/156708"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/media\/76837"}],"wp:attachment":[{"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/media?parent=156706"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/categories?post=156706"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pwtorch.com\/site\/wp-json\/wp\/v2\/tags?post=156706"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}