TITLE

News Corp. circling stake in Rotana

AUTHOR(S)
Clarke, Steve
PUB. DATE
September 2009
SOURCE
Daily Variety;9/3/2009, Vol. 304 Issue 44, p7
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the acquisition of media company Rotana by News Corp. in London, England in 2009. It states that the stake agreement of the companies would range from 250 to 350 U.S. million dollars to maintain the cash flow of Rotana owned Saudi Prince Al Waleed bin Talal. Rupert Murdoch, chief executive officer of News, believed that the move would increase the company's revenue in the news markets of Middle East.
ACCESSION #
44252624

 

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