What significant investment did Saudi Arabia's Public Investment Fund make in Live Nation?
Saudi Arabian Fund Buys $500M In Live Nation Stock
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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.
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1.
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2.
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How many shares did Saudi Arabia acquire in Live Nation?
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3.
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What impact did the coronavirus pandemic have on Live Nation's events?
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4.
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3 mins • 1 pt
What refund policy did Ticketmaster implement for canceled or postponed events?
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5.
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What legal issues has Ticketmaster faced regarding refunds during the pandemic?
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