News Corporation Buys 9.09% Stake In Rotana Media

Amit Chowdhry | Tuesday February 23, 2010 | 643 views| Add a Comment


By acquiring a 9.09% stake in Rotana Media, Rupert Murdoch continues to build News Corporation empire. Rotana Media is a pan-Middle East media group that sold about $70 million worth of stake to News Corp. Prince Al-Waleed bin Talal, the multi-billionaire owner of Rotana has done deals with Murdoch in the past too. Talal is a 7% owner in News Corporation’s class B stock making him the single largest shareholder outside of the Murdoch family. [paidContent]

Related posts:

  1. News Corporation Hires Jonathan F. Miller To Oversee MySpace
  2. News Corp Launches Gossip Blog Daily Fill and Searches For Chernin Replacements
  3. News Corp and Several Others Planning To Block Google Index
  4. Yahoo! Spending $680 Million For Remaining Stake in Right Media
  5. AOL Acquires The Relegence Corporation, A Real-Time Financial Services News Engine


If you loved this post, "Like" us on Facebook!

This website uses IntenseDebate comments, but they are not currently loaded because either your browser doesn't support JavaScript, or they didn't load fast enough.

Copyright 2011 Pulse 2, LLC | About | Privacy Statement