Update on the reports of WWE being sold to Saudi Arabia’s Public Investment Fund

On Tuesday night, reports surfaced that WWE was being sold to Saudi Arabia’s Public Investment Fund and the company would be going private again. As of early Wednesday morning, there has been no official confirmation that a sale has actually taken place.

Cassidy Haynes of BodySlam.net, one of the people that reported on the sale, provided an update…

“Update, here is what I’ve put together so far: 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.”

During Tuesday night’s Wrestling Observer Radio, Dave Meltzer of F4WOnline.com noted the following…

“Certainly everyone, before the story first broke tonight, everyone was talking about it inside wrestling. Nobody knew for sure. Talked to people in the company, they didn’t know for sure. Everyone at the NXT tapings heard the rumors, could not confirm them, but everybody was scared. Whether it’s their job, whether it’s whatever, there’s a lot of uncertainty there. Uncertainty throughout the company. The Stephanie resignation worried a lot of people as well.” (quote courtesy of WrestleTalk.com)

According to Fightful.com, it was noted that “at least one” talent did say they would be done with the company if the Saudi Arabia sale does go through.

Numerous terms related to the sale trended on Twitter including WWE, #WWESold, Saudi Arabia, Vince McMahon, Tony Khan, and Sami Zayn.