Tag

Saudi Pif

All articles tagged with #saudi pif

sports-business1 month ago•2 min saved

LIV Golf Delays New Orleans Stop as Funding Shakeup Reshapes Plan

LIV Golf has postponed its June 25 stop in New Orleans amid a shifting business model and signals that Saudi Arabia’s Public Investment Fund could pull backing; Louisiana had planned roughly $7 million in state support for Bayou Oaks and hosting, with provisions to claw back $1.2 million and treat $2 million in course improvements as an asset. The parties aim to reimagine the event in the fall while LIV pursues new funding, including equity sales and partnerships, as its schedule becomes uncertain after August. LIV Golf Virginia at Trump National Golf Club is scheduled to begin May 7 in Washington, D.C., with no announced schedule beyond the team championship in August.

via The New York Times|

#funding #liv-golf #louisiana

sports1 month ago•5 min saved

LIV Golf reportedly flags journalist for security in Mexico City coverage

LIV Golf reportedly placed a security alert on The Athletic’s Brody Miller while he was covering its event in Mexico City, with a guard showing him a company chat containing his headshot and telling him to come with him. LIV executives denied knowledge of the alert when asked. The incident comes after Miller reported that LIV leadership might be ousted and funding could be pulled by the Saudi PIF, highlighting a tense, contested relationship between LIV Golf, reporters, and its backers.

via Awful Announcing|

#brody-miller #liv-golf #saudi-pif

business8 months ago•2 min saved

Electronic Arts to Become Private in $55 Billion Acquisition

Electronic Arts is set to be taken private in a $55 billion deal backed by Saudi Arabia’s Public Investment Fund, Silver Lake, and Jared Kushner’s Affinity Partners, with shareholders receiving $210 per share in cash; the deal is expected to close in early 2027, and CEO Andrew Wilson will remain in his position.

via The Hollywood Reporter|

#business #electronic-arts #gaming-industry

business8 months ago•1 min saved

Saudi PIF and Investors Near $50 Billion Deal to Take Electronic Arts Private

A group of investors, including Saudi Arabia's PIF, Silver Lake, and Affinity Partners, are in advanced talks to acquire EA in a $50 billion leveraged buyout, potentially the largest ever, with an announcement possible next week, causing EA's shares to surge.

via Eurogamer|

#business #ea #gaming-industry

business9 months ago•3 min saved

Lucid Faces Challenges Amid Production Cuts and Strategic Shifts

Lucid reported significant losses in Q2, with ongoing manufacturing and supply chain issues, a need for substantial additional funding, and a challenging market environment, raising concerns about its future viability despite backing from Saudi PIF.

via Jalopnik|

#business #electric-vehicles #financial-struggles

sports2 years ago•2 min saved

"PGA Tour Commissioner Jay Monahan Addresses Outcome of Secret Meeting with Saudi Investors"

PGA Tour commissioner Jay Monahan met with Saudi PIF governor Yasir Al-Rumayyan and player directors, including Tiger Woods, to discuss the PIF's potential investment in the Tour, but the update provided was vague and underwhelming, with Monahan stating that the meeting was "constructive" but offering no further details. The ongoing negotiations and lack of transparency have raised doubts about Monahan's leadership, and it seems that more meetings will be needed to make progress in resolving the conflict.

via Outkick|

#investment #jay-monahan #pga-tour

business2 years ago•0 min saved

Saudi PIF, Ardian, and Ferrovial complete multi-billion dollar stake sale in Heathrow airport

Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF), and French private equity firm Ardian are set to acquire a 25% stake in Heathrow airport for £2.4bn. The deal will make PIF the third-largest investor in the airport, while Ardian will become the fourth-largest. The acquisition comes as the airport faces financial challenges due to the COVID-19 pandemic and aims to strengthen its position for future growth.

via Financial Times|

#ardian #business #heathrow-airport