The Public Investment Fund (PIF) is set to complete the purchase of a 10% stake in the talent agency Endeavor LLC. The deal is estimated to be around USD400mn and should be completed within the Crowned Prince’s visit of the US. Endeavor’s other shareholders include SoftBank Group, Singapore’s sovereign-wealth fund, and the Canada Pension Plan Investment Board. Endeavor is the holding company for Hollywood talent agency WME and the Miss Universe organisation. The move comes as the Kingdom looks to shore up its entertainment industry as part of wider economic diversification efforts aimed at reducing reliance on oil revenues.
This website uses cookies to make the site work, to understand if the site is working well, how it is being used, to connect to social media sites (such as Facebook and Twitter) and to collect information useful to allow us and our partners to provide you with more relevant ads . Some cookies are essential to make the site work, but you can control how we use non-essential cookies at any time by clicking the “ON/OFF” button next to each category. For more information about the cookies used on this site, see Privacy Policy.
Decide which cookies you want to allow.
Strictly Necessary
These cookies are essential in order to enable you to move around our website and use its features, such as accessing secure areas of our website. Without these cookies, any services on our Site you wish to access cannot be provided.
Analytical/performance cookies
Visitors use our website, for instance which pages you go to most often, and if you get error messages from web pages.