WWE, Saudi Arabia’s Problematic Yet Profitable Past: Sale Rumors Swirl As Co-CEO Resigns

World Wrestling Entertainment (NYSE: WWE) is still for sale Wednesday.

The wrestling promotion was the subject of widespread rumors this week concerning a deal with Saudi Arabia’s Public Investment Fund, but multiple media sources are confirming that the company has not been sold.

The reports come as Stephanie McMahon, the daughter of longtime promoter and former WWE CEO Vince McMahon, has resigned as co-CEO.

See Also: Vince McMahon Returns To WWE Board Despite Sexual Abuse Allegations – Here’s Why

As of Wednesday morning, #WWESold and #SaudiOwnsWWE were trending on Twitter.

The rumors likely stem from …

Full story available on Benzinga.com

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