Home » Investment in Middle East »

|| News Corp in talk to buy 20% of Saudi's Rotana Media for $250-$350 million

newscorp rotanaRupert Murdoch's News Corp is in talks with Saudi billionaire Prince Alwaleed bin Talal to buy a 20 percent stake in broadcaster Rotana Media, the Wall Street Journal reported, citing people familiar with the deal.

Alwaleed, a Middle East investor, held a 5.7% stake in News Corp. as of the end of 2008. According to Variety magazine, News Corp might pay around $250 to $350 million for its 20 per cent stake in Rotana media.

Previous Post: Qatar investors launched Tajikistan luxury real estate project for $150 million
Next Post: Kuwait Investment Authority to keep Citigroup, Merrill Lynch stakes

|| About Us

Established in 2007, DubaiBeat.com provides insight, analysis and research on Middle East investors.

We cover different asset class investors like private equity, venture capital, hedge funds and real estate investors from the Middle East and broader MENA region.

|| Subscribe

Copyright 2007-2016 DubaiBeat.com    Sitemap  |  Terms  |  Privacy Policy

Follow us: RSS Feed   Facebook    Twitter