What does the LiveNation stock purchase say about Saudi Arabia's approach to entertainment?
The gruesome murder was allegedly ordered by Saudi prince, according to reports by U.S. and Turkish intelligence agencies -- charges that Salman denied. The gruesome murder led Endeavor chairmanto cancel a $400 million investment into his talent agency and content company and caused many in Hollywood to sour on the prince who had billed himself as a reformer in the powerful Arab country.
The purchase comes less than three weeks after Saudi Arabia ended its weeks long price war with Russia that had sent the price of oil spiraling downward more than 50%. The PIF has also held stakes in Telsa -- which it sold off right before the company's stock rose 56% in January -- and it has struggled with its investments in Uber and Softbank's tech-focused Vision fund.
"There will be economies up and running, we will see a lot of potential," al-Rumayyan said during the conference, speaking on his expectations for the second half of the year.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Miley Cyrus Covers Pink Floyd on 'Saturday Night Live'Saturday Night Live returned on April 25 with surprise musical guest Miley Cyrus for it&39;s second at-home episode since the coronavirus outbreak. Watch.
Read more »
DaBaby's 'Blame It on Baby' Tops Billboard 200 Albums ChartDaBaby collects his second No. 1 album on the Billboard 200 chart, as &34;Blame It on Baby&34; bows atop the tally. Plus, Fiona Apple&39;s &34;Fetch the Bolt Cutters&34; debuts in the top five.
Read more »
Dwayne 'The Rock' Johnson Sings 'Moana' Song To Daughter.TheRock shared an adorable video of his daughter Tiana Gia. 😭❤️ The best part? She still has no idea that her dad plays Maui.
Read more »
Andrea Bocelli & Son Matteo's Best 'Fall On Me' Performances Together
Read more »
Billy Porter Talks 'For What It's Worth' CoverWe spoke with with BillyPorter about life during the coronavirus pandemic, his new 'For What It's Worth' cover, why the political future of America relies on people preparing for a battle now and more in our new interview.
Read more »
TXT Cover Ariana Grande's 'Thank U Next': ListenTomorrow X Together unveiled their dreamy take on Ariana Grande&39;s &34;Thank U, Next&34; on Thursday (April 23).
Read more »