The Latest Breaking News from Stephanie McMahon

In the midst of WrestleMania 39, a new report is claiming the WWE is nearing a deal to soon be bought out by UFC's parent company.

Vince McMahon has footed the $17.4 million bill for the WWE’s investigation into the misconduct allegations raised against him, which triggered his brief retirement.

The former WWE CEO currently sits as the executive chairman of the board of directors.

WWE's largest shareholder came out of retirement earlier this month and continued his role as executive chair amid takeover rumours by the Saudi Arabia's Public Investment Fund

His shrewd maneuvering allowed him to smoothly regain control of the company he unceremoniously departed in July.

In returning to negotiate WWE's sale on his own terms, McMahon has crafted a storyline worthy of the company’s flagship Wrestlemania or Smackdown events.

A round-up of your latest Toon-related headlines

Saudi Arabia's Public Investment Fund, who own Newcastle United, appear close to buying Vince McMahon's WWE brand

Stock futures higher as Powell avoids rate bet pushback; Treasury's 10-year bond auction in focus as CPI data looms; Tesla seeks permission for $775 million Texas factory expansion; Apple looking to use in-house display screens amid self-reliance push and WWE shares extends gains as Vince McMahon tightens control grip.

WWE's biggest shareholder Vince McMahon retired last year aged 77 and has now reportedly sold the successful wrestling promotion company as daughter Stephanie resigns as CEO

In an announcement that surprised many Tuesday, co-chief executive and chairwoman of the board Stephanie McMahon resigned from World Wrestling Entertainment.