WWE Reportedly Sold to Saudi Arabia’s Public Investment Fund by Vince McMahon, Stephanie McMahon Resigns
The popular wrestling company had, according to a report, gone public way back in 1999. With this development, it is set to become a private company with Vince's return after his resignation last year.
World Wrestling Entertainment, more popularly known as the WWE, has been reportedly sold to Saudi Arabia's Public Investment Fund by Vince McMahon. In another development, Co-CEO Stephanie McMahon, who is Vince's daughter, has also resigned from her post. Vince reportedly returned as the chairman of the board and this has made WWE a private business from being on the public stock market. John Cena Returns: Watch Former WWE Champion and Kevin Owens Beat Bloodline’s Roman Reigns and Sami Zayn on Last Smackdown of 2022.
WWE Sold to Saudi Arabia:
Vince McMahon reportedly sells WWE to Saudi Arabia's Public Investment Fund 🤑 pic.twitter.com/JZwdCKjJA3
— SPORTbible (@sportbible) January 11, 2023
Stephanie McMahon Steps Down:
BREAKING: Stephanie McMahon has resigned from her role as co-CEO of WWE just days after Vince McMahon returned as Executive Chairman 🚨🚨🚨 pic.twitter.com/HaHamyM8xx
— Wrestle Ops (@WrestleOps) January 10, 2023
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(The above story first appeared on LatestLY on Jan 11, 2023 07:22 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).
