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FINANCIAL NEWS
News Corp buys $70m stake in Alwaleed’s Rotana
24 Feb 2010
(MENAFN) Global media giant News Corp announced that it has bought a 9.09-percent stake in Rotana entertainment, which is controlled by Saudi Prince Alwaleed Bin Talal, Reuters reported.
News Corporation agreed to invest $70 million in the Rotana Group unit, and has the option to increase its stake to 18.18 percent within the next 18 months.
Alwaleed’s Kingdom Holding Company is owner of about 7.0 percent of News Corp’s class B common stock.
Rupert Murdoch’s News Corp earlier this month agreed to sell its Bulgarian terrestrial TV business, bTV, for $400 million in cash to leading regional broadcaster CME.
More News
13 Apr 2026
BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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