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The Latest Breaking News from NewCo

PGA Tour and LIV Golf merger hearing: 6 fresh details as emails reveal proposals

Further details on the PGA Tour's agreement with the Public Investment Fund of Saudi Arabia (PIF) have emerged, after Tour officials spoke in front of the U.S. Senate

Daily Mirror

Tiger Woods' ally makes LIV Golf appearance alongside rival Phil Mickelson

Hero MotoCorp CEO Pawal Munjal has worked with Tiger Woods to host the PGA Tour's Hero World Challenge on a number of occasions, but now he is rubbing shoulders with Phil Mickelson and LIV Golf

Daily Mirror

Louis Oosthuizen calls for first change to golf when LIV and PGA Tour merger

Louis Oosthuizen became the latest LIV Golf star to speak out on the proposed merger between the breakaway league and the PGA Tour and DP World Tour ahead of LIV London

Daily Mirror

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Here are 5 things that could happen if the PGA Tour/PIF deal is blocked

What if the U.S. government believes that the deal is illegal at worst and just plain rotten at best?

USA Today Sports Media Group

Saudi PIF chief makes LIV Golf intentions crystal clear in meeting with players

Yasir Al-Rumayyan discussed the future of LIV Golf in a player meeting following the Public Investment Fund of Saudi Arabia's groundbreaking deal with the PGA Tour

Daily Mirror

PGA Tour stars make feelings clear after rival accused of staging 'coup' over LIV deal

Patrick Cantlay was accused of staging a 'coup' against the PGA Tour's decision to work with the Public Investment Fund of Saudi Arabia, but his rival stars have risen to his defence

Daily Mirror

PGA Tour and Saudi PIF Sign Framework for Future Partnership

The framework was signed a week before the announcement.

The Street

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5 new details on how golf will look after LIV and PGA Tour merge with rebels returning

The world of professional golf were left in shock when the PGA Tour agreed to work alongside LIV Golf, and three weeks on details on the agreement are beginning to emerge

Daily Mirror

Framework agreement leaks for PGA Tour partnership with DP World Tour, Saudi Arabia’s Public Investment Fund

While some questions have been answered with regard to the partnership, plenty more still remain.

USA Today Sports Media Group

Players returning from LIV Golf is part of Saudis' agreement with PGA Tour

Now that the PGA Tour and European tour have a deal with the Saudis, one step is deciding how players can return from LIV Golf if they so choose

The Independent UK

PGA Tour to send message to players over Saudi involvement after LIV Golf merger

The PGA Tour were labelled hypocrites by many - including Tom Watson - for joining forces with the Public Investment Fund (PIF) of Saudi Arabia, but the Tour have played down PIF's involvement

Daily Mirror

Twitter reacts to UFC, WWE merger to form Endeavor’s new sports entertainment company

A game changer in the world of sports and entertainment became official when UFC parent-company Endeavor announced its purchase of WWE.

USA Today Sports Media Group

UFC owner Endeavor nears deal to acquire Vince McMahon’s WWE

World Wrestling Entertainment Inc. was headed for potentially the biggest drop in almost two years after Endeavor Group Holdings Inc. struck a deal to buy the entertainment conglomerate for $9.3 billion including debt.

Tribune News Service

BorgWarner to spin off fuel systems, aftermarket business in 'pivot to EVs'

Michigan-based auto supplier BorgWarner Inc. said Tuesday it will spin off its fuel systems and aftermarket businesses into a new publicly traded company.

Tribune News Service

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Benzinga

Medtronic, DaVita To Jointly Form Kidney Health-Focused Company

Medtronic plc (NYSE:MDT) and DaVita Inc (NYSE:DVA) intend to form a new, independent kidney care-focused medical device company (NewCo). NewCo will focus on developing a broad suite of novel kidney care products and solutions, including future home-based products. Medtronic and DaVita will co-own the NewCo, each with equal equity stakes and led by an…

Benzinga

Citius Pharma To Spinoff Late-Stage Oncology Asset Into New Publicly Traded Firm

Citius Pharmaceuticals Inc (NASDAQ:CTXR) plans to form a new company (NewCo) focused on developing and commercializing I/ONTAK. A Phase 3 trial was completed in December 2021, and a biologics license application (BLA) is being planned for submission in the second half of 2022. The Company's other pipeline assets, including Mino-Lok, would remain at…

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