Nissan to lay off thousands of workers as sales drop    Trump picks Susan Wiles as White House chief of staff    Three charged in connection with Liam Payne's death    Israel passes law to deport relatives of attackers, including citizens    Monkey mayhem in South Carolina after 43 primates escape research facility    Russian anti-war teenager faces five years in jail after failed appeal    Uproar in Ghana after president unveils his own statue    BD and INS partner to elevate standards of infusion care in MENAT    Qassim emir launches 52 health projects costing a total of SR456 million    Dubai Design Week launches its 10th edition, celebrating creativity and innovation    Fakeeh Care Group reports 9M-2024 net profit of SR195.3 million, up 49% y-o-y driven by solid revenue growth and robust profitability    GASTAT: Passengers of public transport bus and train soar 176% and 33% respectively in 2023    HRT does not impact life expectancy — UK health body    Liam Payne's body to be flown back to the UK    Arab leaders and heads of state congratulate US President-elect Donald Trump    Neymar suffers muscle tear, out for 4-6 weeks    Suspect arrested for banking fraud totaling SR493 million as Nazaha pursues corruption charges    Al Nassr secures 5-1 victory over Al Ain to edge closer to knockout stage    Al Ahli extends perfect start with 5-1 victory over Al Shorta    Mitrovic's hat-trick leads Al Hilal to 3-0 victory over Esteghlal    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Muted Eid celebrations for millions of Nigerian Muslims    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Alwaleed and Murdoch hold talks on likely joint ventures
break year for CEO Published in The Saudi Gazette on 17 - 01 - 2010

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 Alwaleed's office Saturday.
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 percent owned by Alwaleed, were discussed.
Nezar Nagro, president of Rotana Media Services, said in December a deal that would see News Corp. buy 10 percent of the existing shares in the company could be completed this month.
The statement gave no further details of a potential deal. A spokesperson for News Corp. was unreachable for comment.
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.
The company manages some of the Arab world's most popular artists, including Egyptian pop star Amr Diab and Lebanese divas Elissa and Haifa Wehbe.
According to Ipsos MediaCT, Rotana ranks among the top-five channels for advertising revenue in Saudi, the Gulf's most populous Arab nation.
Over the past two decades 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.
On Dec. 7, Zawya Dow Jones reported that News Corp. was close to completing a deal to buy a stake in Rotana, which is wholly owned by Alwaleed. A News Corp. spokesperson in London declined to comment at the time.
Shares in Kingdom Holding, majority owned by Alwaleed, were among the biggest risers on the Saudi Tadawul exchange Saturday up 10 percent.
Alwaleed, a major Citigroup shareholder, told Fox Business Network that the bank's Chief Executive Vikram Pandit must deliver in 2010.
Alwaleed said that 2010 is a make-or

Clic here to read the story from its source.