After nearly a decade of expensive, hit-and-miss investments, Mohammed bin Salman is overseeing a behind-the-scenes restructuring of the kingdom’s all-important wealth fund.
Category: Public Investment Fund (Saudi Arabia)
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Trump Family’s Business Ties to Saudi Arabia Raise Ethics Worries
President Trump will host Crown Prince Mohammed bin Salman, Saudi Arabia’s de facto ruler, who oversees a major construction project that is in talks with the Trump family business.
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OPEC Plus Agrees to Small Boost in Oil Production
Saudi Arabia, the de facto leader of the oil cartel, sees advantages in increasing output despite market risks.
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$55 Billion Deal for Electronic Arts Is Among the Biggest Buyouts Ever
Jared Kushner’s private equity firm and Saudi Arabia’s sovereign fund are among the investors taking the video game giant private.
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Jared Kushner’s Firm Is Said to Be Part of $50 Billion Buyout of Electronic Arts
Mr. Kushner’s private equity firm, Affinity Partners, is said to be in talks with the Saudi sovereign wealth fund and Silver Lake to buy out the video game giant.
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Football Is Coming to Saudi Arabia, Where Soccer Is King
Saudi Arabia will host a flag football tournament featuring N.F.L. stars in the spring, in a mutually beneficial sports expansion.
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Pokémon Go Maker Niantic Sells Unit to Saudi Fund for $3.5 Billion
Scopely said it would buy Niantic’s video game business, which includes Pokémon Go, for $3.5 billion. Saudi Arabia’s sovereign wealth fund acquired Scopely in 2023.
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Trump Meets With Tiger Woods About Merging PGA Tour with LIV Golf
The president has been agitating recently to repair the divide between the PGA Tour and LIV Golf that has shadowed professional golf for several years.
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PGA Tour and LIV Golf Look for Merger Deal Under Trump
A tie-up involving the tour and LIV Golf was stalled under President Biden. They’re aiming to forge a new agreement under President Trump.
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Trump Met PGA Commissioner About Saudi Golf Tour Deal
Tour officials said the session at the White House “brought us closer to a final deal” that would be subject to Justice Department antitrust scrutiny.
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What Is a Sovereign Wealth Fund? Trump’s Executive Order, Explained
Sovereign wealth funds invest state or government money. They’re typically created from budget surpluses or revenues from oil or other commodities.
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Saudi Arabia and Sports Network DAZN Close to Deal
A unit of the kingdom’s sovereign wealth fund would pay more than $1 billion to buy into DAZN, in the latest sign of its sports ambitions.