In the storyline they said that Shane McMahon had bought Wcw and wanted to do war against his dad's company the Wwf/e, his dad (Vince McMahon) was furious.
Few weeks on Wcw started to invade some of Wwf/e matches and took Wwf/e titles.
Vince and Shane battled for weeks and weeks. Ecw came in the wwf/e ring one day.
Both Father (Vince) and son (shane) agreed to team up and take out Ecw.
But that didn't happen instead Wcw teamed up with Ecw and beat up the Wwf/e.
This is when the Alliance started it was Wwf/e vs Wcw/Ecw Alliance.
weeks went on as they battled. Traitors traited, titles were won and lost.
In the end in Survivor series they said winner takes all and Wwf/e won as Shane cheated on his own company.
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WCW was going down the drain with the murger of AOL and Time Warner. Companies were dismissing it (Breaking ther Contracts) all funding was going. Vince Mcmahon saw this and bought WCW. But they had enough respect for WCW that they made this story line that WCW was bought by Shane and they invaded WWF. Altough Vince owned WCW he let them finish in style. So they only invaded as a last story line and it was all controlled by Vince Mcmahon.
Summary Vince owned WCW after there fall and made a big going away invasion story line. I hope that helped.
the owner didn't want to run the company any longer so he sold it to the best buyers and that was wwe
Because Time Warner who owned WCW let Hogan and Bischoff do what ever they wanted.
Vince Russo became the head writer, then they became so weak that Vince McMahon bought them