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World Wrestling's Shane McMahon resigns

NEW YORK (Hollywood Reporter) - World Wrestling Entertainment said Friday that executive vice president of global media Shane McMahon, the son of chairman and CEO Vince McMahon, has tendered his resignation from the family business, effective January 1.

"It has been an incredible experience to help build WWE into a global phenomenon," the 40-year-old McMahon said. "However, having been associated with this organization for the majority of my life, I feel this is the opportune time in my career to pursue outside ventures."

His mother, Linda, recently gave up the CEO post to run for a U.S. Senate seat in Connecticut.

"Even though I am personally saddened by Shane's decision to leave the company, I am proud of the enormous contributions he has made," said Vince McMahon.

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