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PGA Tour and LIV Golf Agree to Deal to End Fight Over Sport

NYT M&A

In a stunning announcement, the tour, along with the DP World Tour and Saudi Arabia’s sovereign wealth fund, said the rivals had agreed to create a “new, collectively owned, for-profit entity.”

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PGA Tour-LIV Merger Questions Swirl As Masters Tees Off

Law 360 M&A

Department of Justice's Antitrust Division sitting quietly by, sports law experts speculated Wednesday at the American Bar Association's spring antitrust meeting whether — and how — the agency might challenge the $3 billion merger between the PGA Tour and LIV.

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How the PGA Tour and Liv Golf Merger Could Collapse

NYT M&A

The tentative agreement has been the talk of golf, but there is no guarantee the pact that aims to bring the tour and LIV Golf under one umbrella will overcome every threat.

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Senate Opens Inquiry Into PGA Tour Deal with Saudi-Funded LIV Golf

NYT M&A

The PGA Tour and LIV have been asked to provide documents and communications tied to the agreement announced last week.

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Players, 9/11 Families Lead Criticism Of PGA Tour For LIV Deal

Law 360 M&A

Amid a chorus of objections to the bombshell merger between the PGA Tour and Saudi-backed LIV Golf, and the way it dropped unexpectedly on the relevant parties, one prominent PGA Tour player gave grudging acceptance to the deal Wednesday, while the tour's commissioner took responsibility for his very public about-face on the rival tour and its financiers. (..)

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PGA Tour Gains US Partners As PIF Negotiations Drag On

Law 360 M&A

The PGA Tour has partnered with a group of investors that includes several owners of U.S. pro sports franchises in a deal worth up to $3 billion, an agreement reached while negotiations continue to complete its proposed merger with the Saudi-based investment fund that owns rival LIV Golf.

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For PGA Tour Players, Betrayal and Confusion in Saudi Deal’s Wake

NYT M&A

Members of America’s most famous golf tour thought they had a voice. Then came a surprise pact that could reshape the sport for years to come.