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

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.

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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.
منبع: CNBC - 🏆 12. / 72 ادامه مطلب »

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.
منبع: CNN - 🏆 4. / 95 ادامه مطلب »

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