William Morris Endeavor returns Saudi investment money after Jamal Khashoggi murder

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WME’s bid to return a $400-million investment to the Saudi Arabian government because of an outcry over the murder of Saudi journalist Jamal Khashoggi has been fulfilled, according to a person with knowledge of the talks.

William Morris Endeavor co-CEO Ari Emanuel, shown in 2016, has called the murder of journalist Jamal Khashoggi “very, very concerning.”

Sources in Hollywood subsequently said WME was raising capital from other sources so it could pay back the $400 million. As months wore on with no news, some in the entertainment world speculated WME was quietly hoping the controversy would pass. But the negotiation was completed several weeks ago, according to the person with knowledge of the talks. The person spoke on the condition of anonymity because of the matter’s sensitivity.

The kingdom has disputed the claims as “unsubstantiated” and in December lashed out at the Senate for interfering in its affairs.has flouted an obligation to report on the murder to the Senate, prompting outrage from Republicans and Democrats.

 

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I haven't even a token dollar for WME stock at the moment...but this is a pretty heavy move.

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Hollywood firm becomes among first American entities to return Saudi investment after Khashoggi murderAfter accepting $400 million from PIF last year, William Morris Endeavor has negotiated a return of the money to Saudi Arabia. that's a start... Hillary Clinton’s Islamist-friendly foreign policy created a terrorist base in Kosovo, and her friends the Saudis are instrumental in setting up the conditions whereby ISIS has gained a foothold in the heart of Europe. Bravo ! I applaud you ! 👏
Source: washingtonpost - 🏆 95. / 72 Read more »