Vince McMahon Hands Over WWE Reins to Saudi Arabia

WWE Acquired by Saudi Arabia's Public Investment Fund.

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In a significant development, the (WWE) has been acquired by Saudi Arabia's prestigious Public Investment Fund, as reported by Steven Muehlhausen of DAZN late Tuesday night.

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However, the WWE has not yet made an official confirmation or denial regarding the reports of the sale.

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The revelation of the sale comes shortly after Stephanie McMahon, Vince's daughter and the CEO of the company, announced her departure.

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However, Vince McMahon returned as the Executive Head of the WWE Board of Directors.

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A surprise announcement came on the same day that McMahon's daughter, Stephanie, announced her resignation as the Co-CEO of the company.

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Stephanie McMahon and Nick Khan have been doing a great job leading the company in Vince's absence.

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While Paul Levesque has expertly taken charge of the creative direction.

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However, Triple H may relinquish his position as Chief Content Officer if things remain dire.

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Saudi Arabia's Public Investment Fund, which possesses a sizable $620 billion of assets, has been making bold moves into sports-related investments to extend its influence further worldwide.

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It's worth noting that the deal will be official once the WWE notifies its shareholders and other involved entities, given that it is a publicly-traded business.

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This acquisition is a significant move in the world of wrestling entertainment, and fans eagerly await further details on how it will shape the future of WWE.

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