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Rupert wants a piece of Rotana

June 4th, 2006 Zeid Nasser (Admin)

Saudi Prince and world famous investor Al Waleed Bin Talal, has confirmed that he is in talks with Rupert Murdoch’s News Corporation to sell them a stake in Rotana, his Arab entertainment firm. In fact, he even expects a deal to be done before the end of the year, when Rotana will IPO.

Everyone is talking about this potential deal and what it could mean, and bloggers have started to analyze it and its fast turning into a field day.

We, however, would like to point out that Al Waleed already has a 6% stake in News Corp.

So, it seems like a case of ‘you own a piece of me, let me own a piece of you’.

You can read indepth reports on this deal here at Reuters or here at Variety or here at Gulf Daily News.

And if you look around the web, you’ll find many more. This is, indeed, a big developing story to watch.

Entry Filed under: Corporate, People & Celebrities, Saudi Arabia