>- The PGA Tour agreed to merge with rival LIV Golf, which is backed by the Saudi Arabia Public Investment Fund, an entity controlled by the Saudi crown prince. - The proposed merger comes after the PGA Tour and LIV Golf have been embroiled in lawsuits regarding antitrust claims. - The deal would end all pending litigation. . . . [Source Article](https://www.cnbc.com/2023/06/06/pga-tour-agrees-to-merge-with-saudi-backed-rival-liv-golf.html)