Today news
The same in other media
Saudi Arabia's Investment Fund Adds Disney and Facebook to Holdings
Reading now: 173
Saudi Arabia's sovereign wealth fund, the Public Investment Fund, has acquired stakes in The Walt Disney Co., Facebook, Starbucks and other large U.S.
public companies in the past few months. The fund disclosed the stakes in a regulatory filing Friday afternoon. The PIF bought more than 5 million shares in Disney, which it valued at just under $500 million, and more than 3 million shares in Facebook for $520 million.
The new acquisitions, which were bought on the public market, follow investments in two other companies hit hard by the novel coronavirus pandemic: Live Nation and Carnival Cruises.
The stakes in Disney and Facebook are small (just a fraction of one percent of each company's equity) but underscore the fund's desire to expand.
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
COVID-19
United States
|
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
|
India
|
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
|
Brazil
|
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
|
United Kingdom
|
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
|
Russia
|
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
|