In a stunning development for professional men's golf, the upstart LIV Tour, funded by the controversial Saudi Arabia Public Investment Fund, will merge with the PGA Tour and DP World Tour have agreed to merge into a single entity. The merger ends all pending litigation between the sides, which have been embroiled in lawsuits regarding antitrust claims. According to CNBC, the PIF is prepared to invest billions of new capital into the new entity, which is yet to be named.
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