WWE has reportedly been sold to Saudi Arabia’s Public Investment Fund.
Just hours after the news surfaced that Stephanie McMahon has resigned from the company after her father, Vince McMahon, was elected as Executive Chairman of WWE’s Board of Directors, it is being reported that a deal between WWE and Saudi Arabia’s Public Investment Fund has been completed.
This move will see WWE become a private company, which means it’ll be removed from the public stock market.
While it’s unknown where things will go from here, it’s being speculated that Vince McMahon will return as head of WWE Creative.
As of this writing, WWE has yet to make an official announcement on the sale of the company. It should be noted that these reports haven’t been confirmed. We’ll see if an official announcement comes later today. Stay tuned.
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Sources: #WWE has been sold to
Saudi Arabia’s Public Investment Fund. The company will go back to being private. Unknown if Vince McMahon will return to head of creative but it is expected by some people.— Steven Muehlhausen (@SMuehlhausenJr) January 11, 2023
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