Saudi Arabia Buys Stake In McLaren in £550 Million GBP Deal

British automotive producer McLaren has raised £550 million GBP, approximately $757 million USD, in a deal that now sees Saudi Arabia's Public Investment Fund as a minority shareholder in the supercar company. Saudi Arabia's involvement in the U.K. auto company is a part of the brand's recent shakeup of the group. £400 million GBP of the investement comes from Saudi Public Investment Fund (PIF) and Ares Management as a form of preference shares. Both organizations are set to be minority shareh...