January 16, 2017 – Saudi Arabia’s Public Investment Fund is in preliminary discussions with Endeavor, a leading U.S. talent agency, to invest more than $500 million for a 5 to 10 percent stake. Established in October of 2017, Endeavor operates the full portfolio of owned and operated brands formerly under the WME-IMG banner, including the WME talent agency which represents some of Hollywood’s major stars. The discussions are a part of the Kingdom’s efforts to diversify its economy and build its entertainment sector. The investment would also fund Endeavor’s growth strategy for its entertainment, sports, and fashion businesses.
You also might be interested in
USSBC Congratulates H.R.H. Princess Reema bint Bandar for International Olympics Committee Membership Nomination
H.R.H. Princess Reema bint Bandar, Saudi Arabian Ambassador to the[...]
As global business and travel begin to steadily increase following[...]
The Public Investment Fund (PIF) invested $506 million (SR1.9 billion)[...]