Tuesday, April 28, 2020

DS Update: Saudi Arabia Aquires Interest In HOB

With the entertainment industry hit hard by coronavirus closures, many stocks are near all-time lows. Yesterday we learned that the Saudi Arabia's investment arm has bought a 5.7% interest in Live Nation, a deal worth approximately $500B.  
Live Nation owns a number of businesses including TicketMaster, Front Line Management and House of Blues.
More details here from CNBC.

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