Riyadh – Mubasher: The Saudi sovereign wealth fund is in talks to purchase a stake in Endeavor, informed sources on Tuesday said.

Endeavor is the holding firm for Hollywood talent agency WME.

The Saudi Public Investment Fund (PIF) has begun negotiations to invest more than $500 million in the talent agency for Ben Affleck and Matt Damon to implement further expansions, Bloomberg reported, citing the sources as saying.

The stake could be between 5% and 10%, whereas the final volume and evaluation are not specified yet.

Endeavor’s value is about $6.3 billion.