meanwhile, a senate subcommittee has asked the key figures of a proposed golf merger to testify on meanwhile, a senate subcommittee has asked the key figures of a proposed golf merger to testify on capitol hill next month. the union of the pga tour and the saudi backed liv golf was announced weeks ago and shocked the sports world. the deal is currently under investigation by the us department ofjustice. and the senate finance committee. let s bring in ben freeman now he s with the quincy institute for responsible statecraft. he explained why the merger raised red flags. we do not know the details of this merger. with the general sense that the saudi investment fund is effectively buying international game of golf.
6.5%. changing course after years. this currently puts the cost of borrowing in the country at 15%. now, that is less than analysts had expected. runaway inflation has soared to a 2k year high. an interest rate hike over in the uk after the bank of england increased the cost of borrowing more than expected. that hike of half a percentage point will have a knock on effect on homeowners already facing sharp rises in the cost of food and fuel. a subcommittee. meanwhile, a senate subcommittee has asked the key figures of a proposed golf merger to testify on capitol hill next month. the union of the pga tour and the saudi backed liv golf was announced weeks ago and shocked the sports world. the deal is currently under investigation by the us department ofjustice. and the senate finance committee. let s bring
billion dollar takeover of gaming company activision blizzard. the ftc wants to temporarily block the deal from closing. until the agency decides if the move hurts competition in the gaming industry. microsoft says the move would only benefit gamers and gaming companies. meanwhile, a senate subcommittee has asked the key figures of a proposed golf merger to testify on capitol hill next month. the union of the pga tour and the saudi backed liv golf was announced weeks ago and shocked the sports world. the deal is currently under investigation by the us department ofjustice. let s bring in ben freeman now he s with the quincy institute for responsible statecraft. he explained why the merger raised red flags. indie he explained why the merger raised red flags. raised red flags. we do not know the raised red flags. we do not know the details raised red flags. we do not know the details of - raised red flags. we do not know the details of this - know the details of this merger. with th
the justice department is investigating the pga tour s merger over potential antitrust concerns. our sister network is here with more. according to the wall street journal the justice department plans to open an antitrust investigation into the pga plans to join a partnership with the saudi backed liv golf. it stunned the golf world was made in relative secret with a handful of people involved in the negotiations. the pga saying we are confident when all stakeholders learn about how the pga tour will lead this new venture they will understand how it affects our players and sport wall impacting the other ? senator
tonight the wall street journal is reporting that the justice department has informed the pga tour it is going to investigate that surprise merger that was announced last week of the saudi backed liv golf. according to this new report the just department is going to look at whether or not that deal violates anti-trust rules. joining me now a golf journalist with barstool sports. dan, i think a big question a lot of people will have regardless of how you view this merger is how long this doj investigation could take in addition to what s happening in washington. what s your sense of that? i don t think we re going to have a resolution or anything resembling a resolution for at least a year. i think the pga tour will kind of continue on its path for 2024. i think liv golf will continue on its path for 2024. and we know the united states senate is not known for its