Monday, January 18, 2010

What Do You Think About This?

Saudi billionaire eyes new links with News Corp.

CAIRO (AP) - The Saudi billionaire whose investment firm is one of the biggest stakeholders in Rupert Murdoch's News Corp. said he is looking to expand his alliances with the media giant, in the latest indication that his appetite for growth remains robust even as his company retrenches.

Prince Alwaleed bin Talal, a nephew of the Saudi king and who was listed last year by Forbes as the world's 22nd richest person, met with News Corp.'s chief executive Rupert Murdoch on Jan. 14 in a meeting that "touched upon future potential alliances with News Corp.," according to a statement released by his Kingdom Holding Co. late Saturday.

Media reports have indicated that News Corp, parent to Fox News and Dow Jones & Co., among others, may be thinking of buying a stake in Alwaleed's Rotana Media Group, which includes a number of satellite channels that air in the Middle East.

Neither company has commented publicly on the possible deal, but the talks offer an indication yet that such an agreement may yet be in the offing.

Kingdom Holding's statement said Alwaleed is already the second largest stakeholder in News Corp., with 5.7 percent of the shares of the media company. The stake is held through Kingdom Holding, in which Alwaleed holds a 95 percent stake.

The investment company has a diverse portfolio, ranging from hotels to shares in Apple, eBay and Citigroup.


Source

So, what do you think about that? Any red flags pop up?

11 comments:

MK said...

i'm sure obama will be happy to oblige the wishes of the prince, he'll even throw in a good bow too.

Always On Watch said...

Let Alwaleed buy up enough shares and the whitewash of Islam will ramp up even more.

Brooke said...

Nah, nothing to see here, move along folks...

Not good.

Gramma 2 Many said...

What is going to happen to Fair and Balanced? Red flags????????They are crimson!!!

shoprat said...

I hope he doesn't get too much above 5% of the stock.

Joe said...

Only a green one with a large sword at the bottom.

Z said...

imagine losing FOX to muslim ideology?
no wonder obama bowed. Damn

Chuck said...

All, agreed. This is more disturbing because it is Fox. They are the only ones reporting the truth about Islam now. This also can effect the UK, he has holdings there.

LomaAlta said...

Looks like Fox News may go the way of the rest of the MSN. Proves that many people will do anything for money.

Chuck, he also has holdings in Australia and NZ.

Karen Howes said...

Nope, not good.

Chuck said...

LomaAlta, I thought he was in Australia and NZ but wasn't sure so I didn't say, thanks

Karen, no