Here is a tale about a potential US deal that may have significant implications for Newcastle United Football Club.
Good sources tell me the American cable group AMC Networks has been sniffing around World Wrestling Entertainment Inc, the US-listed company behind those wrestling programmes, such as Raw and Smackdown.
AMC Networks has held at least one exploratory conversation with WWE - which saw its shares rise by about 30pc last week - about some kind M&A transaction in recent months, according to "people familiar with the matter". However, the talks are understood to have not gone anywhere.
Another source said bankers from UBS have been advising AMC Networks, owner of Sundance TV, on a potential deal and financing options.
This well-placed source said any transaction may value WWE at between $2.6 and $2.8bn.
At this point you might be wondering what this has do with Newcastle United, which is controlled by the canny retail entrepreneur Mike Ashley.
Well, the chairman of WWE happens to be Vince McMahon who, according to Winnersports.co.uk, is interested buying Newcastle United from the maverick Mr Ashley.
See the link to Winnersports.co.uk original exclusive article: http://www.winnersports.co.uk/exclusive-billionaire-vince-mcmahon-interested-in-buying-newcastle-united-fc-60427
So, if Mr McMahon - who occasionally gets into the ring himself - is looking to raise funds to buy Newcastle United, selling some of his large shareholding in WWE to AMC Networks might make sense.
However, an AMC Networks/WWE M&A deal is by no means a certainty.
Late last week, Bloomberg pinned WWE's recent 30pc share price rise to the fact the company is close to securing a fresh contract with a cable TV operator to air its programmes.
Bloomberg also quoted George Barrios, chief financial officer at WWE, as saying WWE isn't in merger talks.
Here is the link to the piece: http://www.bloomberg.com/news/2014-03-07/wwe-expects-new-cable-tv-deal-by-early-may-cfo-barrios-says.html