Linda McMahon, the former CEO of WWE, has been selected by President Trump to head the U.S. Department of Education. McMahon, known for her business acumen and political involvement, is set to bring a new approach to education reform in the country.

Trump Appoints Former WWE CEO Linda McMahon to Lead U.S. Education Department

WWE, the world's largest pro-wrestling company, has reportedly been bought by Saudi Arabia's&nbsp;Public Investment Fund.&nbsp;As per DAZN's Steven Muehlhausen, WWE "will go back to being private" for the first time since October 1999.&nbsp;This development comes hours after Stephanie McMahon stepped down as Chairwoman &amp; Co-CEO, less than a week after her father, Vince McMahon, came out of retirement and took over as the chairman of the board.

Ever since McMahon returned from his retirement, talks were on for a potential WWE sale. Soon after he took over, McMahon made his intentions known when he&nbsp;announced that the company was gearing up to undertake "strategic alternatives" with an aim "to maximise value for all WWE shareholders." His statement made heads turn and many felt WWE's sale was around the corner.

It is to be noted that an official announcement has not been made. WWE is yet to confirm or deny DAZN's report of its sale to&nbsp;Saudi Arabia's Public Investment Fund.

Also read:&nbsp;<a href="https://www.wionews.com/sports/hockey-world-cup-2023-opening-ceremony-live-streaming-how-to-watch-opening-ceremony-live-stream-for-free-in-india-551517">Hockey World cup 2023 Opening Ceremony LIVE Streaming: watch Opening Ceremony Live streaming for free in India</a>

Stephanie McMahon resigns making Nick Khan the sole CEO

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Then. Now. Forever. Together. <a href="https://t.co/8dqr5reIiv">pic.twitter.com/8dqr5reIiv</a>
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"With Nick's leadership and Paul 'Triple H' Levesque as a chief content officer, I am confident WWE is in the perfect place to continue to provide unparalleled creative content and drive maximum value for shareholders," McMahon wrote in a statement released on Twitter. The statement added, "WWE is in such a strong position that I have decided to return to my leave and take it one step further with my official resignation. I look forward to cheering on WWE from the other side of the business, where I started when I was a little kid, as a pure fan." 
 
&nbsp;

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WWE, the world's largest pro-wrestling company, has reportedly been bought by Saudi Arabia's Public Investment Fund. As per DAZN's Steven Muehlhausen, WWE "will go back to being private" for the first time since October 1999.

WWE, the world's largest pro-wrestling company, has reportedly been bought by Saudi Arabia's Public Investment Fund. As per DAZN's Steven Muehlhausen, WWE "will go back to being private" for the first time since October 1999. This development comes hours after Stephanie McMahon stepped down as Chairwoman & Co-CEO, less than a week after her father, Vince McMahon, came out of retirement and took over as the chairman of the board. Ever since McMahon returned from his retirement, talks were on for a potential WWE sale. Soon after he took over, McMahon made his intentions known when he announced that the company was gearing up to undertake "strategic alternatives" with an aim "to maximise value for all WWE shareholders." His statement made heads turn and many felt WWE's sale was around the corner. It is to be noted that an official announcement has not been made. WWE is yet to confirm or deny DAZN's report of its sale to Saudi Arabia's Public Investment Fund. Also read: Hockey World cup 2023 Opening Ceremony LIVE Streaming: watch Opening Ceremony Live streaming for free in India Stephanie McMahon resigns making Nick Khan the sole CEO Then. Now. Forever. Together. pic.twitter.com/8dqr5reIiv — Stephanie McMahon (@StephMcMahon) January 10, 2023 × "With Nick's leadership and Paul 'Triple H' Levesque as a chief content officer, I am confident WWE is in the perfect place to continue to provide unparalleled creative content and drive maximum value for shareholders," McMahon wrote in a statement released on Twitter. The statement added, "WWE is in such a strong position that I have decided to return to my leave and take it one step further with my official resignation. I look forward to cheering on WWE from the other side of the business, where I started when I was a little kid, as a pure fan." WATCH WION LIVE HERE

WWE, world’s largest pro-wrestling company, SOLD to Saudi Arabia's Public Investment Fund - Report

The World Wrestling Entertainment (WWE) is at the eye of a major controversy as Vince McMahon stepped down as chairman and chief executive officer (CEO) of the company amid allegations of misconduct. According to a report by The Wall Street Journal, McMahon paid a secret settlement of around $3 million to an employee with whom he allegedly had an affair. The WWE board is currently investigating the allegations made against McMahon and the report further claimed that the board has found other nondisclosure agreements hinting at more claims of misconduct by McMahon.

Also read |&nbsp;<a href="https://www.wionews.com/south-asia/gurdwara-karte-parwan-in-kabul-under-terror-attack-casualties-feared-489269" hreflang="en">Gurdwara Karte Parwan in Kabul under terror attack; at least two dead</a>

“I have pledged my complete cooperation to the investigation by the Special Committee, and I will do everything possible to support the investigation. I have also pledged to accept the findings and outcome of the investigation, whatever they are,” McMahon said in an official statement.

Soon after McMahon stepped down, his daughter - Stephanie McMahon – took over the company as interim chief executive and chairwoman. Stephanie had previously served as the chief brand officer of the company and although he was on a break, she accepted to step into the role immediately.

Also read |&nbsp;<a href="https://www.wionews.com/south-asia/bangladesh-denies-padma-bridge-project-being-part-of-chinas-belt-and-road-imitative-489331">Bangladesh denies Padma Bridge project being part of China’s BRI</a>

According to the WSJ report, during the course of the investigation, the WWE board found that McMahon paid an upfront payment of $1 million and $2 million over the next five years to keep the relationship under wraps. They also found that there were anonymous emails sent to the board claiming that the woman in question getting twice her salary once they began a relationship.

However, McMahon and his lawyer made it clear that there were no claims of harassment from any of the parties involved and all the funds used for the settlements belonged to McMahon’s personal account.

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You can now write for wionews.com and be a part of the community. Share your stories and opinions with us <a href="https://www.wionews.com/content-contribution-registration-form">here</a>.

The World Wrestling Entertainment (WWE) is at the eye of a major controversy as Vince McMahon stepped down as chairman and chief executive officer (CEO) of the company amid allegations of misconduct.

The World Wrestling Entertainment (WWE) is at the eye of a major controversy as Vince McMahon stepped down as chairman and chief executive officer (CEO) of the company amid allegations of misconduct. According to a report by The Wall Street Journal, McMahon paid a secret settlement of around $3 million to an employee with whom he allegedly had an affair. The WWE board is currently investigating the allegations made against McMahon and the report further claimed that the board has found other nondisclosure agreements hinting at more claims of misconduct by McMahon. Also read | Gurdwara Karte Parwan in Kabul under terror attack; at least two dead “I have pledged my complete cooperation to the investigation by the Special Committee, and I will do everything possible to support the investigation. I have also pledged to accept the findings and outcome of the investigation, whatever they are,” McMahon said in an official statement. Soon after McMahon stepped down, his daughter - Stephanie McMahon – took over the company as interim chief executive and chairwoman. Stephanie had previously served as the chief brand officer of the company and although he was on a break, she accepted to step into the role immediately. Also read | Bangladesh denies Padma Bridge project being part of China’s BRI According to the WSJ report, during the course of the investigation, the WWE board found that McMahon paid an upfront payment of $1 million and $2 million over the next five years to keep the relationship under wraps. They also found that there were anonymous emails sent to the board claiming that the woman in question getting twice her salary once they began a relationship. However, McMahon and his lawyer made it clear that there were no claims of harassment from any of the parties involved and all the funds used for the settlements belonged to McMahon’s personal account. WATCH WION LIVE HERE You can now write for wionews.com and be a part of the community. Share your stories and opinions with us here.

WWE hit by a scandal! Why has Vince McMahon stepped down as chairman and CEO?

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Trump Appoints Former WWE CEO Linda McMahon to Lead U.S. Education Department

WWE, world’s largest pro-wrestling company, SOLD to Saudi Arabia's Public Investment Fund - Report

WWE hit by a scandal! Why has Vince McMahon stepped down as chairman and CEO?