PGA Tour And LIV Golf Agree To Become One Large Enterprise

The proposed merger comes after the PGA tour and LIV Golf have been embroiled in lawsuits regarding antitrust claims.

In a surprise move the PGA Tour has merged with rival LIV Golf.

LIV Golf is backed by the Saudi Arabia public investment fund an entity controlled by the Saudi crown prince.

The two companies signed an agreement that would combine the PGA tour and LIV Golf’s commercial businesses and rights into a new, profit company that has not yet been named.

The proposed merger comes after the PGA tour and LIV Golf have been embroiled in lawsuits regarding antitrust claims.

The deal would end all pending litigation and bring the competitors together as one and create a larger golf enterprise.