Justice Department Will Investigate PGA Tour-LIV Merger, Report Says

The Justice Department told the PGA Tour it will investigate the recently announced merger between the golf giant and Saudi-backed LIV Golf league because of antitrust concerns, theThursday, more than a week after the former rivals surprised the world with the announcement they were merging....

[+]AP/Seth WenigThe review by the Justice Department makes it unlikely that a transaction between the golf entities will take effect for some time, theThe Justice Department had already been investigating a number of golf entities, including the PGA Tour, for antitrust concerns, theAlso on Thursday Sen. Ron Wyden , who chairs the Senate Finance Committee, announced a “wide-ranging” investigation into the merger that could threaten the PGA’s tax-exempt nonprofit status.

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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.
Fuente: CNBC - 🏆 12. / 72 Leer más »