PGA Tour (Source: Imagn)
The latest development in the PIF and PGA Tour merger agreement negotiations is that the former will own 6% of the Tour according to reports. The agreement is inching closer to a confirmation with top golfers like Rory McIlroy and Tiger Woods reportedly involved in negotiations.
According to Bloomberg Business, the two parties are "nearing a deal". The news of PIF's stake in the PGA Tour comes a month after reports suggested that the merger agreement will be closed at a staggering $1.3 billion.
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