Saturday March 9, 2019
Jamal Khashoggi was killed by Saudi agents at the Saudi consulate in Istanbul on October 2 [File: Hasan Jamali/AP]
The fund given by MBS to US talent agency Endeavor last spring was aimed at diversifying the kingdom's economy.
A Beverly Hills-based talent agency, Endeavor, has returned a $400m investment fund to Saudi Arabia and cancelled its contract with the kingdom over the murder of journalist Jamal Khashoggi, the New York Times reported.
The fund was given to the firm's chief Ariel Emanuel during a high-profile Hollywood party last spring, which brought together Saudi Crown Prince Mohammed bin Salman (MBS), Disney chief executive Robert Iger and Amazon founder Jeff Bezos, among others.
The money was meant to fund the growth of Endeavor and diversify the kingdom's economy through the agency's work in various industries, including sports and film production.But following the murder of Khashoggi, the firm returned the fund, protesting the murder, and effectively ending its relationship with Saudi Arabia, according to two NYT sources with knowledge of the deal.