As was previously reported, WWE has been in the process of purchasing the EVOLVE Wrestling promotion for some time now, and there had been reports over the past several weeks that WWE had already bought out the company.

According to a new report from PWInsider.com, the deal has now been finalized, and WWE owns all rights to EVOLVE Wrestling. Going forward, WWE will have the option to continue to run EVOLVE as a new WWE brand, or simply shut the group down.

It's worth noting that this deal reportedly gives WWE not only the full EVOLVE video library, but also the Dragon Gate USA video library as well.