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

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

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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.

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

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

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

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

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