Saudi Arabia's Public Investment Fund, the backers of LIV Golf, is reportedly nearing a deal to acquire a 6% stake in PGA Tour Enterprises. According to Bloomberg, that minority stake would indicate a valuation of about $12 billion,

The PGA Tour and Saudi Arabia’s Public Investment Fund reached an agreement for the PIF to invest more than a billion dollars into the Tour’s commercial arm, finalizing a pact that the two sides

Saudi Arabia’s Public Investment Fund is nearing a deal to acquire a minority stake in PGA Tour Enterprises, according to people with knowledge of the matter.