Is WWE now owned by Saudi Arabia's Investment Fund?

The news was reported by Steven Muehlhausen of DAZN late Tuesday night.

The news came shortly after Stephanie McMahon stepped down as Co-CEO of the company and handed the full-time role over to Nick Khan.

The report follows news that WWE majority owner Vince McMahon was returning to pursue a sale of the company.

McMahon had briefly retired last July amid an investigation into allegations of sexual misconduct.

Reports of the Saudi Arabia Investment Fund being a potential bidder for the company surfaced immediately after McMahon's return.

It is unclear if the potential sale will lead to McMahon returning to a creative role within the company.