Allegedly.
But not really. We all know/knew that KSA and their PIF are the same thing. It's a state owned club, its barely a secret. It's gone ahead because Saudi Arabia have been released from potential prosecution regarding piracy. They have paid Bein compensation and restored their programming in the region effective yesterday.
This means the Premier League held a takeover hostage by claiming KSA and PIF are one and the same under the shadow directors clause and disqualifying event. But as soon as Bein were happy. The league feel they're now separate
For reference it was always the PIF that made any bid. Nothing has changed.