US Senate Investigates PGA Tour's Deal with Saudi-Funded LIV Golf

The US Senate Permanent Subcommittee on Investigations is investigating the planned merger between the PGA Tour and LIV Golf due to concerns about the Saudi government's role in the deal and the risks posed by a foreign government entity assuming control over an American institution. Both parties have tried to avoid characterizing the deal as a merger, but the PGA Tour and LIV Golf could become an even bigger target for antitrust regulators by combining forces.