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Saudi Arabia Purchases $500 Million Stake in Live Nation

Saudi Arabia’s Public Investment Fund Acquires $500 Million Stake in Live Nation

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What Does Live Nation Stock Purchase Say About Saudis' Approach to Entertainment?

10.07.2020 - 18:42

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Saudi Arabian Public Investment Fund (PIF)'s $500 million purchase of a 5.7% stake in Live Nation on the open market Monday (April 27) could indicate a more passive play for the entertainment business since the country has been largely shunned over the murder of journalist Jamal Khashoggi at the Saudi consulate in Istanbul last October.The gruesome murder was allegedly ordered by Saudi prince Mohammed bin Salman, according to reports by U.S.

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