Saudi Arabian Fund Buys $500M In Live Nation Stock

Saudi Arabia's Public Investment Fund acquired a $500 million stake in Live Nation, making it the third-largest shareholder. This investment comes as the pandemic has halted large public events globally, affecting Live Nation's operations. Ticketmaster, owned by Live Nation, has initiated a refund plan for canceled or postponed events, offering full refunds or 150% credit. However, the company faces lawsuits over its initial reluctance to provide refunds.

Which country recently became the third-largest shareholder in Live Nation?

• China

• United Kingdom

• Saudi Arabia

• United States

What percentage of ownership does Saudi Arabia hold in Live Nation after the investment?

• 10%

• 3.5%

• 5.7%

• 7.2%

What was the effect of the investment news on Live Nation's stock?

• It plummeted

• It rose

• It remained stable

• It decreased significantly

What is the refund policy offered by Ticketmaster for canceled events?

• Full refunds or 150% credit

• No refunds

• Partial refunds

• Exchange for another event

Why have Ticketmaster and its parent company faced legal challenges?

• For increasing ticket prices

• For not providing refunds for postponed events

• For canceling events without notice

• For selling fake tickets