PGA Tour And LIV Golf Unite, Ending Tensions and Lawsuits: CNBC

The PGA Tour has agreed to merge with its Saudi-backed rival, LIV Golf, ending months of tensions and mounting lawsuits between the two competitors. The merger will result in a larger golf enterprise, combining the commercial businesses and rights of both entities into a new, yet-to-be-named company, CNBC reports.

LIV Golf, backed by the Saudi Arabia Public Investment Fund, an entity controlled by the Saudi crown prince, has been involved in antitrust lawsuits with the PGA Tour over the past year. The newly announced merger will effectively put an end to all pending litigation, allowing the two entities to move forward as a unified golf enterprise.

This merger marks a significant development in the world of professional golf, potentially reshaping the landscape of the sport. Further details about the merger and its implications are expected to be released soon.

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