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The Latest Breaking News from Saudi Arabia Public Investment Fund

EA's $55 billion acquisition is the biggest leveraged buyout in private equity history. Here's why it has everyone terrified

Private equity and PIF investment aren't a reassuring pair.

PC Gamer

Leading Game Maker EA Gets Acquired In Largest All-Cash Take-Private Deal

Electronic Arts (NASDAQ: EA) surged past its 52-week high on Monday after announcing it is being acquired in a $55 billion all-cash deal.

Benzinga

EA reportedly nearing $50 billion deal to go private with money from Saudi Arabia's Public Investment fund and a private equity firm, which would "likely be the largest leveraged buyout of all time"

The deal could be announced as soon as next week

GamesRadar

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Why was Tiger Woods at the White House? Golf legends meets Donald Trump to discuss sport's reunification

Golf legend Tiger Woods and President Donald Trump met at the White House to discuss a potential reunification of golf amid the PGA and LIV Golf rift

Evening Standard

President Trump Meeting With Tiger Woods, Pro Golf Leaders to Discuss Unification

It appears all hands are on deck to get a PGA Tour/LIV Golf deal to the finish line.

Sports Illustrated

Report: Saudi Arabia Public Investment Fund to Acquire Share of PGA Tour Enterprises

Bloomberg reported that LIV Golf's backer would take a 6% interest in the PGA Tour's for-profit arm.

Sports Illustrated

The Lucid Gravity Has Landed. Here's Why It Needs To Be A Hit

I'll tell anyone who will listen that the Lucid Air is, in my humble estimation, pretty much the best electric vehicle you can buy in America today. The only problem is that it's an expensive electric luxury sedan tasked with keeping a promising startup afloat at a time when the market…

InsideEVs

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Exclusive: 'Wentworth Club Is Not For Sale' - BMW PGA Championship Host Denies Saudi PIF Sale Report

The iconic British club says it is not for sale and has categorically denied a report that it is in talks with the Saudi Arabia Public Investment Fund

Golf Monthly

Rory McIlroy explains what he wants PGA Tour players to learn from Saudi PIF meeting

McIlroy wants players to understand that Al-Rumayyan “wants to do the right thing” with an investment in golf.

USA Today Sports Media Group

Saudi Arabia's Public Investment Fund Partners With ATP

Saudi Arabia's Public Investment Fund partners with ATP, sparking discussions in tennis community and signaling new sports diplomacy efforts.

Top News

Rory McIlroy Reaffirms PGA Tour-PIF Stance After Call With Jordan Spieth

Rory McIlroy and Jordan Spieth appear to disagree on the potential deal with the Tour and Saudi Arabia's Public Investment Fund

Golf Monthly

Rory McIlroy resigns from PGA Tour's policy board

McIlroy, a four-time major champion who is the No. 2 golfer in the world, was set to serve in the position until 2024 after joining last year. But he announced his resignation in a letter to the entire board, stating that “professional and personal commitments” caused him to step down.

The Hindu

Former PGA Tour pro known as ‘The Lil Commish’ pens open letter to membership

Joe Ogilvie wants the PGA Tour membership to understand the unique position they are in.

USA Today Sports Media Group

What you need to know from the Senate subcommittee hearing involving PGA Tour-PIF agreement

Here are some of the best nuggets we found out during the Senate subcommittee hearing.

USA Today Sports Media Group

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USA Today Sports Media Group

LIV Golf team announces crypto exchange company OKX as first global sponsor

Uncertainty swirls around the future of LIV amid the news of a partnership between the PGA Tour and PIF.

USA Today Sports Media Group

PGA Tour, LIV Golf file motions to drop lawsuits after whirlwind week

Both voluntarily dismissed all claims with prejudice, meaning previous claims can't be refiled or pursued.

USA Today Sports Media Group

New York Times moves for all documents to be unsealed in PGA Tour, LIV Golf lawsuits

The Times is arguing it is enforcing the public's First Amendment and common law rights to public records.

Tribune News Service

PGA Tour’s deal with Saudi LIV Golf draws Senate panel investigation

WASHINGTON — Senate Finance Committee Chair Ron Wyden notified top officials with the PGA Tour that he’s opening a wide-ranging probe into the PGA’s surprise tie-up with Saudi Arabia’s Public Investment Fund.

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news in one place.

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The Guardian - UK

Money talks: how Saudi Arabia’s soft power project is shaking up sport

Regime wants to use sport for soft power and to improve the lives of its population but has failed to wash away its human rights record

Daily Mirror

PGA Tour 'should be ashamed' over LIV deal as 9/11 families group slam secret merger

The PGA Tour's decision to agree to a controversial merger with LIV Golf, which is owned by Saudi Arabia's Public Investment Fund, has sparked an almighty backlash

The Conversation

How Saudi Arabia came to be at the centre of a global golf merger

Professional golf – and increasingly world sport – is caught in a sand trap. Not the familiar hazard between fairway and green, but the Middle Eastern desert producing enormous quantities of fossil fuels.

USA Today Sports Media Group

PGA Tour merges with Saudi Arabia-backed rival LIV Golf to form new global golf entity

The merge will end all pending litigation between the two sides.

The Independent UK

Why Man City’s FFP case could be another Super League moment for football

Other Premier League clubs are carefully watching Newcastle’s prospective new sponsorship deal amid expectation it could have implications for the investigation into City’s finances, explains Miguel Delaney

Barchart

Stocks Modestly Lower on Higher Bond Yields

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.04%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.19%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.24%. U.S. stocks this morning are moderately lower as higher...

USA Today Sports Media Group

Peter Uihlein removes name from LIV Golf antitrust lawsuit against the PGA Tour

Only Bryson DeChambeau and Matt Jones remain as the final two player plaintiffs in the lawsuit.

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