Endeavor, the parent company of WME, has completed its withdrawal from a $400 million investment by the Saudi Arabian government.
Endeavor returned the kingdom’s investment in full sometime in the last few weeks, an individual with knowledge of the situation told TheWrap on Friday. The company announced plans to terminate the deal last October, soon after the murder of Saudi journalist Jamal Khashoggi and reports of the Saudi government’s suspected role in that death.
Endeavor had no comment on the news, which was first reported by the New York Times.
In January 2018, the Public Investment Fund — Saudi Arabia’s major sovereign wealth vehicle — struck a deal with Endeavor to buy a stake of less than 10 percent in the talent and media company for at least $400 million.