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Author Topic: Saudi Billionaire Boosts News Corp. Holdings
shlik
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Saudi Billionaire Boosts News Corp. Holdings (Independent)
Saudi Arabian investor Prince Alwaleed bin Talal holds a 5.5 percent voting stake in the media company, and is ready to raise his stake to shield Rupert Murdoch from any hostile takeover attempts. Guardian: The world's fifth richest man publicly aligned himself with the Murdoch dynasty last year after John Malone, the cable television pioneer, raised his stake in News Corp to 18 percent. FT: Murdoch calls new web summit.
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