PIF
PIF to acquire $2bn majority stake in MBC
Saudi Arabia’s Public Investment Fund (PIF) has continued its pivot towards domestic investment with a move to acquire 54 per cent of Saudi media group MBC.
Saudis tip the scales in battle for tennis’s future but Masters hold the key
The future of professional tennis – structurally and commercially – will be decided in the coming weeks. On one side are the ATP and WTA tours; on the other, the four Grand Slams. Investment from Saudi Arabia appears to have tipped the balance in favour of the tours.
Competitive threat of Saudi-backed PFL hits WWE, Endeavor share prices
News this week of Saudi Arabian state investment in the Professional Fighters League (PFL) has caused shares in both World Wrestling Entertainment (WWE) and Ultimate Fighting Group (UFC) parent Endeavor…