WWE reportedly sold to Saudi Arabia’s Public Investment Fund by Vince McMahon, Stephanie McMahon resigns
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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.