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Showtime Enters Talks to Purchase Pro Elite

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ncordless

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Showtime Networks filed public notice with the U.S. Securities and Exchange Commission Thursday announcing its intention to enter preliminary negotiations for the purchase of Pro Elite Inc.

Showtime, a subsidiary of the parent conglomerate CBS Corporation, already enjoys broadcasting deals with the Los Angeles-based company on both its premium cable channel and CBS. Showtime also has a 20% ownership stake in Pro Elite

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Post #1   9/18/08 3:15:32PM   

MMAcca

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An MMA org owned by a tv company.

Competition for the UFC ?

Post #2   9/18/08 3:39:00PM   

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Posted by MMAcca

An MMA org owned by a tv company.

Competition for the UFC ?




I don't understand why they would want to pick up the debt. I think any org. that can put TV commercials and premium channel orders in it's ledger could do pretty well as far as staying solvent. But why not start from scratch rather than pick up the fubar that is pro elite?

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Post #3   9/18/08 3:45:30PM   

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Taking on the debt may be worth it to obtain ProElite's stable of fighters....

Post #4   9/18/08 3:49:22PM