Saudi Arabia buys $500 million stake in coronavirus-hit Live Nation

Saudi Arabia buys $500 million stake in coronavirus-hit Live Nation

Shares of Live Nation popped about 10% on Monday on the news that Saudi Arabia’s sovereign wealth fund bought a 5.7% stake in the American events company, which is parent to Ticketmaster.  The stake, worth about $518 million based on the company’s current stock price, comprises 12,337,569 shares, according to a filing with the Securities […]