S Arabia's PIF eyes $700m stake in US studio Legendary Entertainment

S Arabia's PIF eyes $700m stake in US studio Legendary Entertainment

Saudi Crown Prince Mohammed bin Salman arrives for the start of the "Meeting of the Ministers of the Global Coalition to Counter ISIL: Joint Plenary Session" at the State Department in Washington, U.S., July 21, 2016. REUTERS/Joshua Roberts

Saudi Arabia’s sovereign wealth fund PIF is exploring the acquisition of up to a $700 million stake in Legendary Entertainment, the U.S. movie studio behind films such as “Jurassic World” and “Interstellar”, according to people familiar with the matter.

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