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New Japan Pro Wrestling parent company Bushiroad purchases Stardom Wrestling

Bushiroad, the parent company of New Japan Pro Wrestling has purchased World Wonder Ring Stardom.

Reports have been circulating this week regarding major wrestling news coming from Japan, and an announcement is imminent.

Dave Meltzer tweeted the following, “Bushiroad purchased Stardom, details at 1 a.m. on the Observer site, bigger story in the Observer tomorrow.”

Tokyo Sports is reporting negotiations began back in April, and a deal was reached this past August. The announcement is pending following approval from the board of directors at Bushiroad.

The business will be managed by Kix Road Inc. a subsidiary of Bushiroad, which operates the kickboxing event “KNOCK OUT”.

Stardom is a Japanese women’s promotion, founded in 2010 by Rossy Ogawa, Fuka Kakimoto, and Nanae Takahashi.

Several top names in women’s wrestling have had stints in the promotion including Bea Priestley, Chelsea Green, Mia Yim, Satana Garrett, Sadie Gibbs, Io Shirai, and Toni Storm.

This news comes on the heels of another announcement from WWE, as they are looking to branch into Japan to start NXT Japan.

Full details will be known Thursday.