PGA TOUR to acquire a minority stake in European Tour.

PGA TOUR, a provider of recreational services, agreed to acquire a minority stake in European Tour, a provider of sports, amusement, and recreation services. Financial terms were not disclosed. “This partnership is an historic moment for the game of golf and is a fantastic opportunity for both the European Tour and the PGA TOUR to explore ways to come together at the very pinnacle of our sport and work in unison for the benefit of the men’s professional game," Keith Pelley, European Tour CEO.