Live Nation is an American events & entertainment company based in Beverly Hills, California. According to press, The Saudi Arabian government’s sovereign wealth fund has purchased $500 million worth of stock from Live Nation – representing a 5.7% ownership of the company’s shares. The Saudi Public investment fund was purchased earlier this week of 12,337,569 shares into the company. Live Nation’s stock prices rose a 2% increase as trading opened earlier last week. Among all cancelled events and postponed shows, Live Nation has released a refund plan which offers ticket holders the option to receive a full refund or a 150% credit to purchasing future tickets through the platform.