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-0.00146946077178629 -0.00127779197546632 0.00485560950677224 0.0178890876565296 0.0260669562995143 0.0442116023511372 0.0741119345770508 0.0913621262458472
Stock impact report

Saudi Arabia's PIF discloses 5.7% stake in Live Nation [Reuters (UK)]

Live Nation Entertainment, Inc. (LYV) 
Last live nation entertainment, inc. earnings: 10/31 04:01 pm Check Earnings Report
Company Research Source: Reuters
Saudi Arabia's PIF discloses 5.7% stake in Live Nation - Reuters 2 Min Read (Reuters) - Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), disclosed a 5.7% passive stake in Live Nation Entertainment Inc ( LYV.N ) on Monday, sending the concert promoter’s shares up 2% in early trading. The ownership of 12.34 million shares makes the investment fund the third-largest stakeholder in the company, according to Refinitiv data. PIF, which manages over $300 billion in assets, disclosed an 8.2% stake in coronavirus-hit Carnival Corp ( CCL.N ) earlier in April. Live Nation is an entertainment company that promotes events including ticketing, sponsorship and advertising services. The company, whose shares are down 44% so far this year, warned of a hit to its business earlier in April as a result of postponement or cancellation of shows due to the coronavirus pandemic. Liberty Media Corp ( FWONA.O ) is the largest shareholder in Live Nation, with a 25.05% stake, followe Show less Read more
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