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[Rumour] WWE Has Been Purchased By Saudi Arabia’s Public Investment Fund

A new report has claimed that the World Wrestling Entertainment AKA the WWE has been sold to Saudi Arabia’s Public Investment Fund. According to Steven Muehlhausen of DAZN Wrestling, as a result of this alleged acquisition, the WWE “will go back to being private” for the first time since it originally became a publicly traded company back in October 1999.

There are also rumours of Vince McMahon returning as the head of creative at WWE after news of Stephani McMachon stepping down earlier today and following the news that Vince McMahon had been unanimously elected the Executive Chairman of the WWE Board of Directors.

We should take all of this with a grain of salt for now, considering that there haven’t been any official announcements. However, Saudi Arabia acquiring shares in big companies isn’t anything new. There have been many instances of that over the past few years, including investing in Nintendo, Capcom and Nexon, as well as Activision Blizzard, EA, Take-Two and even SNK.

If the reports of Saudi Arabia purchasing WWE are true, what this means is that future WWE content, including video games, will be backed by Saudi Arabian money. It’s unclear how else WWE will be affected for now.

[Update 12/1/2022] What we do know is that several current WWE talents could 100% exit the company if the Saudi Arabia Public Investment Fund deal goes through. These include Syrian-Canadian wrestler Sami Zayn and best friend Kevin Owens.

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  1. Saudi Arabia Now Owns A Bit More Stake In Nintendo | KAKUCHOPUREI.COM

    January 12, 2023 at 6:55 pm

    […] more on the latest Saudi Arabia buyout, check out our report on the WWE. We don’t normally cover wrestling, but we do cover the WWE video games and whichever […]

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