By Jill Goldsmith
16.05.2020 - 17:33 / hollywoodreporter.com
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.