Variety: Saudi Arabia’s Public Investment Fund Acquires $500 Million Stake in Live Nation


Well-known member
Dec 12, 2018
The Public Investment Fund, Saudi Arabia’s sovereign-wealth fund, recently purchased a large stake in Live Nation Entertainment, the world’s largest live-entertainment company, according to SEC filings released Monday.

Public Investment disclosed that it owned a 5.7% stake in the company, a total of 12.3 million shares valued at approximately $500 million. The fund’s stake in Live Nation rose above 5% as of April 16, according to the filing. Public Investment is now Live Nation’s third-largest shareholder; Liberty Media, which owns a 33% stake, is the largest.

Live Nation shares were lifted by the investment news on Monday morning, rising along with the broader market with gains in the 3% range. Shares were hovering around the $39 mark in early trading. Live Nation’s share price is down about 45% for the year to date amid the pandemic-related lockdown that shuttered most of the promotion giant’s business. In mid-February, before the coronavirus crisis began in earnest in the U.S., Live Nation shares were above $75.


Latest content

General chat
Help Show users
  • No one is chatting at the moment.
  • S @ Sangay23:
    hello i am Sangay23
  • PGen98 @ PGen98:
    Hi @Sangay23 it's good to meet you :)
  • O @ odrio89:
    hi all
  • A @ Augment:
    Test to see if I can send a link in chat. Imgur: The magic of the Internet
  • A @ Augment:
    Oh hey it worked! This is my db schema so far
  • PGen98 @ PGen98:
    That's a good start!
  • A @ Augment:
    I'm a bit confused what I should do for user/vote relationship. Should it be a one to many from user or a one to one?
  • A @ Augment:
    So that a user can only vote once per thread
  • PGen98 @ PGen98:
    I want to say it's one to one, but in all honesty I'm a bit fuzzy there. I can recommend JoyFreak's sister site AdminIntel - Admin & Webmaster Resource where there are lots for people of varying degrees of expertise with development, you likely can get a far more precise answer there!
  • A @ Augment:
    Wow what a fantastic resource. Thank you very much for the help
  • BigPete7978 @ BigPete7978:
    Hey all!
  • S @ shadowflare014:
    Morning everyone
  • PGen98 @ PGen98:
    Hope everyone in Mississippi is staying safe, that tornado was absolutely brutal!
  • R @ Ramzi23:
    Salut je suis nouveau ici moi c'est ophny
    R @ Ramzi23: Salut je suis nouveau ici moi c'est ophny