The company was part of a group of bidders that offered $225 million to acquire the bankrupt media company.
Category: Mergers, Acquisitions and Divestitures
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PGA Tour and LIV Golf Seek to Drop Litigation Against Each Other
Although the tour’s deal with the Saudi wealth fund has not closed, the request to a federal judge was a milestone in golf’s surprise détente.
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Michael Jordan to Sell Majority Stake in Charlotte Hornets
Jordan, the former star of the Chicago Bulls, purchased the team in 2010.
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Brooklyn’s Ample Hills Creamery Aims to Rise Again
The Brooklyn-based ice cream chain boomed with the help of Oprah and Disney, then went bust. But the couple behind it are opening new shops and thinking small.
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Golf’s Titanic Deal Stokes Anger on Capitol Hill
American lawmakers and officials are studying the pact between the PGA Tour and Saudi Arabia’s sovereign wealth fund.
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Matt Fitzpatrick and Cameron Smith Don’t Know What’s Next After The LIV-PGA Tour Merger
“I just don’t know what’s going on,” Fitzpatrick, the reigning U.S. Open champion, said Monday of the PGA Tour’s merger with LIV Golf. “I don’t think anyone knows what’s going on.”
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How Will Jay Monahan of the PGA Tour and Yasir al-Rumayyan Work Together?
The stunning golf merger announced last week has raised many questions, and one big one is how will the Saudi wealth fund boss and the tour commissioner manage to work together?
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Senate Opens Inquiry Into PGA Tour Deal with Saudi-Funded LIV Golf
The PGA Tour and LIV have been asked to provide documents and communications tied to the agreement announced last week.
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WeWork Faces More Turmoil After Its CEO Departs
The company’s top boss, a real estate industry veteran, abruptly left in May after growing frustrated with SoftBank, its largest shareholder and lender.
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How the PGA Tour-LIV Golf Merger Came Together
The agreement to remake a global game stunned most of the sporting world after seven weeks of clandestine negotiations.
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After LIV Golf, What Will Be the Next Saudi Sports Bet?
The kingdom’s enormous sovereign wealth fund, which backed the golf series, has an appetite for sports. Its deal with the PGA Tour may pave the way for more investments.
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Trump Family Praises the PGA and LIV Golf Merger
The LIV series has been a boon for the Trump family, which lost major tournaments after the Jan. 6, 2021, assault on the capitol.