WWE is rumored to have been sold to Saudi Arabia's Public Investment Fund.

According to reports, WWE has been sold to Saudi Arabia's Public Investment Fund.

WWE, according to DAZN's Steven Muehlhausen, will "return to being private" for the first time since becoming a publicly traded company in October 1999.

Muehlhausen went on to say that it's "unknown if Vince McMahon will return to head of creative, but some people expect him to." He has since deleted the tweet, but other tweets referencing the information remain online.

The news comes just hours after Stephanie McMahon announced her resignation as Chairwoman and Co-CEO, and a WWE press release confirmed that Vince McMahon had been unanimously elected as Executive Chairman of the Board.

Last Friday, the formerly retired McMahon — WWE's controlling shareholder — reinstated himself to the company's Board of Directors and announced that the company was preparing to pursue "strategic alternatives" in order to "maximize value for all WWE shareholders." McMahon's statement was widely misinterpreted as his intention to sell the WWE.

As a result, WWE hired J.P. Morgan will advise the company on a possible sale, with financial analysts naming Comcast, Disney, Endeavor Group Holdings, Amazon, and Netflix as potential buyers of the world's largest wrestling promotion. While there was speculation that Saudi Arabia's Public Investment Fund would enter the bidding, the most recent betting odds released Tuesday predicted Comcast as the leading suitor to purchase WWE.

WWE has yet to confirm or deny DAZN's report of its sale to the Public Investment Fund of Saudi Arabia.