WWE Has Agreed On Company Sale To Saudi Arabia ‘In Principal’

Vince McMahon returned to WWE, and he regained his control of the company’s Board of Directors after Stephanie McMahon stepped down. Mr. McMahon’s goal was to sell the company, and it seems that happened.

A report emerged that WWE has agreed to sell the company to Saudi Arabia. This could shake up WWE in a huge way if it goes through, as it will reportedly transition WWE into a private company once again.

Cassidy Haynes of Bodyslam.net reported an update to their original story. He noted that the deal to buy WWE is not “completely finalized,” because they have to approve it with their shareholders first. That being said, the deal has been agreed to “in principle.”

The deal isn’t completely finalized because WWE must provide notice to shareholders & other parties. There are legalities to go through, as the company is publicly traded. But, again, I’m told a deal has been agreed to in principle.

Advertising

Advertising

We have no idea how much this deal to buy WWE is worth. Obviously, it will be very interesting to see that number when the time comes. WWE’s current shareholders could be in for a big surprise if the company is sold.

Keep checking back with Ringside News, because this story is still developing, and at a very rapid pace. Only time will tell who owns WWE by the time the Royal Rumble rolls around.