Update On TNA’s Ownership Status

In an internal memo issued to TNA employees today, Panda Energy & TNA’s Janice Carter responded to online reports that the company was looking for a new owner. The memo, in which she also praised the new “#TNA365” program, Carter wrote that while she normally does not comment on rumors, any rumors that Panda Energy is “attempting to sell its ownership stake” in TNA is false and that she remains committed to the company.

Harrak’s Hit: I thought the wording of “ownership stake” was interesting as any company can retain ownership of a division of their corporation (as TNA is a division of Panda Energy) while also allowing someone else run the day-to-day operations.

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Source: Pwinsider