Vince McMahon reportedly sells WWE to Saudi Arabia, Stephanie McMahon resigns from company

American professional wrestling - WWE is being sold to Saudi Arabia’s Public Investment Fund.

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Stephanie McMahon announced her resignation from the company and her father Vince McMahon returning as the Chairman of the Board

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Steven Muehlhausen, Vince is also the controlling shareholder of WWE

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The business to get the company off the public stock market and once again being a private business.

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Meanwhile, Stephanie's husband and WWE legend Paul "Triple H" Levesque will continue his role in the company

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The Game is the chief content officer of WWE since Vince retired as the chairman last year

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Paul 'Triple H' Levesque as chief content officer and I am confident WWE is in the perfect place to continue to provide unparalleled creative content

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Drive maximum value for shareholders," Stephanie McMahon wrote in an official statement.

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