News Corporation Buys 9.09% Stake In Rotana Media

Posted Feb 23, 2010

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]