Justice Department notifies PGA Tour of probe into LIV Golf merger: report

  • 📰 FoxNews
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 87%

Deutschland Nachrichten Nachrichten

Deutschland Neuesten Nachrichten,Deutschland Schlagzeilen

The PGA Tour is facing a second antitrust probe from the Justice Department following news of its merger. The Wall Street Journal reports that the DOJ notified the Tour of its review.

The decision prompted several players to file an antitrust lawsuit against the Tour, though some eventually abandoned the litigation. LIV Golf also joined the lawsuit, prompting the Tour to file a countersuit.PIF’s golf-related businesses,

The PGA Tour logo is seen during the second round of the Farmers Insurance Open at Torrey Pines South in San Diego, California, on Jan. 29, 2021. Reports of a potential probe into the new business venture comes less than a week after Rep. John Garamendi, D-Calif.,to investigate the merger, while also proposing legislation to strip the organization of its tax-exempt status.

"I would hope that the Justice Department takes it up. I would hope the European Union does, and I would certainly call upon my congressional committees, for example, the House Judiciary Committee," he continued.

 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 9. in DE

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Senate Democrats press for Justice Department inquiry into PGA Tour-LIV Golf mergerDemocratic Sens. Elizabeth Warren and Ron Wyden urged the Justice Department to examine potential antitrust abuses from the PGA Tour-LIV Golf deal.
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »

Elizabeth Warren demands Justice Department closely scrutinize PGA Tour's Saudi deal | CNN BusinessDemocratic Sens. Elizabeth Warren and Ron Wyden are calling on the Justice Department’s antitrust division to inspect the controversial partnership between the PGA Tour and the Saudi Arabian Public Investment Fund.
Herkunft: CNN - 🏆 4. / 95 Weiterlesen »

Justice Department Will Investigate PGA Tour-LIV Merger, Report SaysThe former rivals surprised the world last week when they announced plans to merge.
Herkunft: Forbes - 🏆 394. / 53 Weiterlesen »