WWE was reportedly sold to the Public Investment Fund of Saudi Arabia.
Just hours after it was announced that Stephanie McMahon had resigned from the company after her father, Vince McMahon, was elected Executive Chairman of the WWE Board of Directors, it was reported that a deal had been finalized between WWE and the Public Investment Fund of Saudi Arabia would .
This move will result in WWE becoming a private company, meaning it will be delisted from the public stock exchange.
While it’s unknown where things will go from here, speculation is that Vince McMahon will return as head of WWE Creative.
As of this writing, WWE has not yet made any official announcement regarding the sale of the company. It should be noted that these reports have not been confirmed. We’ll see if an official announcement comes later today. Stay tuned.
Story develops…. update for updates!
Sources: #WWE was sold
Saudi Arabia’s Public Investment Fund. The company is privatized again. Not known if Vince McMahon will return as head of creative, but some people are expecting it.— Steven Muehlhausen (@SMuehlhausenJr) January 11, 2023
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