Saudi Prince Alwaleed meets with News Corp’s Murdoch to discuss investments

Christmas PD5FM $10 discount“Saudi billionaire investor Prince Alwaleed bin Talal held meetings this week with News Corp.’s chairman and chief executive Rupert Murdoch to discuss investments, including Rotana Media, according to a statement from the prince’s office Saturday,” Andrew Critchlow reports for Dow Jones Newswires.

“The meetings, which took place in New York on Jan. 14, ‘touched upon future potential alliance with News Corp,’ the statement said, adding that Rotana and LBCSAT, 90% owned by Prince Alwaleed, were discussed,” Critchlow reports. “Rotana which hosts News Corp.’s Fox channels in Saudi Arabia via its television network, owns rights to more than 2,000 Arabic movies and the world’s largest Arabic language music library, according to Zawya.com data.”

Critchlow reports, “Over the past two decades Prince Alwaleed, through his Riyadh-listed conglomerate Kingdom Holding Co., has focused his investments on banks, hotels and media firms, building sizable stakes in companies like Citigroup, News Corp, Apple Inc., and Time Warner Inc. News Corp. owns Dow Jones & Co., publisher of this newswire and The Wall Street Journal.”

Full article here.

[Thanks to MacDailyNews Reader “Brawndo Drinker” for the heads up.]

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