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2023-01-11 03:29:42

MEGATHREAD: Multiple Outlets Report WWE has been sold to Saudi Arabia's Public Investment Fund.

Still unconfirmed rumors as of 9:30am EDT.

Post will update as the story develops.

Cassidy Haynes: For what it's worth, I'm told the Saudi deal is done and they're taking the company private.
SRS: More on the HOT SAUDI RUMOR: that the WWE sale is done they’ll go private. I haven’t confirmed any of this. At all. But hey, you guys wanna know what all of the dark twitter tweets are about.
Steven Muelhausen: Sources: #WWE has been sold to Saudi Arabia’s Public Investment Fund. The company will go back to being private. Unknown if Vince McMahon will return to head of creative but it is expected by some people. Tweet deleted
/r/SC Insider Kermit: WWE has been sold
SRS: Bovada, which sent Fightful betting odds just hours ago on who would buy WWE, is no longer taking bets on it
Jimmy Van, Owner of Fightful: "I will say this which contradicts the Saudi rumors - WWE had just announced that JPMorgan was repping them. Usually a sales process takes months before shareholder approval. It seems too fast for a deal to have happened already."
Alba: I want to make it extremely clear when I say this, doesn't mean it's not going to happen, as it very well may. But everyone I've spoken to who I trust as sources and have trusted for years do not believe at this moment a deal between WWE and the Saudis is done.
Cassidy Haynes of Bodyslam.net: 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.
Helwani: Contrary to reports stating otherwise last night, there is no deal in place at this precise moment for WWE to be sold to Saudi Arabia’s Public Investment Fund or any entity, sources say. The organization is still exploring all options, I’m told. Developing.
Brandon Thurston: "I asked someone at WWE, who would know, who said the story that took hold of Twitter last night, about WWE and Saudi Arabia being near a deal to take the company private, is untrue".
TMZ: COMPANY NOT SOLD TO SAUDI ARABIA... Sources Say
CNBC: [The sale] was never true to begin with

Previous megathread from Stephanie's resignation located here

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