US Senate Launches Investigation into PGA Tour's Business Deals.

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 combination could make them a bigger target for antitrust regulators. The PGA Tour and LIV Golf have been sued for alleged antitrust violations, and the US Department of Justice has been looking into possible anticompetitive practices of the PGA Tour.