Matt Townsend - Profile and Journalist Details
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Matt Townsend
Verified
Section Editor, Checkout, Bloomberg News
Auckland, New York
Beats
Education, Sports Features, Business , Ice Hockey, Government , Lifestyles
Business and tech.
Content
By Matt Townsend Verified| Bloomberg Tax Verified The PGA Tour has declined a $1.5 billion investment from Saudi Arabia’s Public Investment Fund, according to ESPN. The offer stipulated that LIV Golf, a Saudi-backed rival to the PGA Tour started in 2022, would remain intact, ESPN reported from unnamed sources. The PGA didn’t immediately respond to a request for comment. PIF couldn’t be reached. The PGA Tour and LIV agreed to the framework for a merger in 2023, but that deal stalled.
By Matt Townsend Verified| Bloomberg Law Verified The PGA Tour has declined a $1.5 billion investment from Saudi Arabia’s Public Investment Fund, according to ESPN. The offer stipulated that LIV Golf, a Saudi-backed rival to the PGA Tour started in 2022, would remain intact, ESPN reported from unnamed sources. The PGA didn’t immediately respond to a request for comment. PIF couldn’t be reached. The PGA Tour and LIV agreed to the framework for a merger in 2023, but that deal stalled.
By Matt Townsend Verified| Bloomberg Tax Verified The PGA Tour has declined a $1.5 billion investment from Saudi Arabia’s Public Investment Fund, according to ESPN. The offer stipulated that LIV Golf, a Saudi-backed rival to the PGA Tour started in 2022, would remain intact, ESPN reported from unnamed sources. The PGA didn’t immediately respond to a request for comment. PIF couldn’t be reached. The PGA Tour and LIV agreed to the framework for a merger in 2023, but that deal stalled.
Company Info
Bloomberg News
Bloomberg L.P. is a global financial data, software, and media company founded in 1981 by Michael Bloomberg and his partners. Originally named Innovative Market Systems, it rebranded to Bloomberg L.P. in 1986. The company is renowned for the Bloomberg Terminal, a proprietary platform that provides real-time financial data, analytics, and trading tools to over 350,000 subscribers worldwide. Bloomberg operates in three main areas: financial technology, news/media, and data analytics. Its flagship product, the Bloomberg Terminal, offers market data, news, and communication tools for financial professionals. Bloomberg News, with over 120 bureaus globally, covers financial markets, politics, and technology across various platforms, including digital, television, and print. The company also provides specialized data and analytics services, including legal and regulatory information, through its acquisitions. Bloomberg L.P. is privately held, with an estimated revenue of $12.5 billion in 2023, primarily from terminal subscriptions.
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Founded: 1981