WSJ News Exclusive | Justice Department to Investigate PGA Tour-LIV Golf Pact

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Breaking: The Justice Department will investigate the PGA Tour’s planned merger with LIV Golf’s Saudi backers over antitrust concerns

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The Justice Department has notified the PGA Tour that it will review the Tour’s planned merger with LIV Golf’s Saudi backers.

 

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Senate Democrats press for Justice Department inquiry into PGA Tour-LIV Golf mergerDemocratic Sens. Elizabeth Warren and Ron Wyden urged the Justice Department to examine potential antitrust abuses from the PGA Tour-LIV Golf deal.
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Elizabeth Warren demands Justice Department closely scrutinize PGA Tour's Saudi deal | CNN BusinessDemocratic Sens. Elizabeth Warren and Ron Wyden are calling on the Justice Department’s antitrust division to inspect the controversial partnership between the PGA Tour and the Saudi Arabian Public Investment Fund.
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The Issues with the P.G.A. Tour-LIV Merger Go Well Beyond Golf“The P.G.A. Tour had staked its ground on making the moral case against LIV and the Saudis,” the director of an advocacy group said. “To discover that was nothing but a negotiating tactic to get a higher price for the P.G.A. came as a bit of a shock.”
Source: NewYorker - 🏆 90. / 67 Read more »