From a Wall Street Journal story by Andrew Beaton and Louise Radnofsky headlined “PGA Tour, LIV Golf Agree to Merge”:
The PGA Tour and LIV Golf, the Saudi-backed upstart that sent the industry into chaos when it teed off last year, have agreed to a stunning merger that ends the divide that has dominated the sport for the last year.
The deal weds the Saudi money and the PGA Tour name and connections after months of bruising litigation and sharply traded accusations. It also consolidates the biggest assets in professional golf—at a time when golf bodies including the Tour are being investigated by the Justice Department for antitrust violations.
