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Stock impact report

Endeavor looks to dump Saudi wealth fund's $400-million investment [Los Angeles Times (CA)]

Via Renewables, Inc. - Class A (VIA)  More Company Research Source: Los Angeles Times
US:NASDAQ Investor Relations: ir.viacom.com
PDF Endeavor looks to dump Saudi wealth fund's $400-million investment Media company and talent agency Endeavor is looking to extract itself from a major deal with Saudi Arabia’s sovereign wealth fund as world leaders demand answers about the fate of U.S.-based dissident Saudi journalist Jamal Khashoggi. This year, the investment vehicle backed by the Saudi government invested at least $400 million for a less than 10% stake in Beverly Hills-based Endeavor, as the desert kingdom opened its doors to the entertainment industry. Now, Endeavor, run by agent Ari Emanuel, is trying to get out of the transaction but has not finalized the legally complicated move, according to a person familiar with the matter who was not authorized to comment. The Hollywood Reporter reported earlier that Endeavor wanted to back out of the deal, after the New York Times reported that Endeavor was reassessing it. A spokeswoman for Endeavor declined to comment. Endeavor’s abandonment of the Saudi money would be the [Read more]
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