Public Investment Fund Buys Large Position in Live Nation as Sovereign Funds Hunt

Posted on 04/27/2020


Not all sovereign funds are in buying mode, but some are taking advantage of historic low valuations due to the coronavirus pandemic. Saudi Arabia Public Investment Fund (PIF) revealed it owns 12,337,569 shares, or a 5.7% common equity stake, of Live Nation Entertainment, Inc., a U.S.-based concert promoter. The date of the event in which […]