Saudi Arabia’s wealth fund, The Public Investment Fund, disclosed on Monday it has poured nearly $500 million into events company Live Nation. According to a filing with the SEC, the fund recently bought more than 12.3 million shares of the Los Angeles-based entertainment company — giving it a 5.7% stake in Live Nation overall. More to come… Related stories from TheWrap: Live Nation Secures $120 Million Loan as CEO Forgoes Salary and Top Execs Take 50% Pay Cuts Live Nation Entertainment an...
Saudi Arabia Pours $500 Million into Live Nation, Entertainment Giant's Stock Inches Higher
The Wrap - 27 Apr 2020 16:46
Saudi Arabia’s wealth fund, The Public Investment Fund, disclosed on Monday it has poured nearly $500 million into events company Live Nation. According to a filing with the SEC, the fund recently bought more than 12.3 million shares of the Los Angeles-based entertainment company — giving it a 5.7% stake in Live Nation overall. More to come… Related stories from TheWrap: Live Nation Secures $120 Million Loan as CEO Forgoes Salary and Top Execs Take 50% Pay Cuts Live Nation Entertainment an...
Share this Article
Recommended