Earlier this week, there was speculation circulating that Saudi Arabia’s Public Investment Fund had acquired WWE. However, that’s not the case, although the fund is indeed one of the entities expressing interest in the purchase.
This development follows Vince McMahon’s return as Executive Chairman of the Board and his involvement in the potential sale of WWE. In response, WWE has engaged Raine Group to facilitate the process of selling the company.
According to Dave Meltzer in the Wrestling Observer Newsletter, the Saudi Arabian investment is not even the leading contender for the acquisition.