Rupert Murdoch’s News Corp is increasing its holdings in Prince Alwaleed bin Talal’s Rotana Media. News Corp already held 14.5 per cent of Saudi Arabian group and is paying $35 million for new shares which will take their holdings to 18.97 per cent.

The news was reported in the Saudi Gazette and followed a Rotana board meeting. Prince Alwaleed holds about seven per cent of News Corp.

Other posts by :

1. Safran Space links laser direct to satellite
2. SpaceX fearful of AST SpaceMobile’s potential?
3. Equatys wants 2,800 new satellites
4. FCC eyes freeing up Weird Space Stuff spectrum
5. SES happy with releasing 160MHz of spectrum for 5G
6. Inmarsat “likely to win appeal” over Ligado/AST action
7. FCC seeks fair play over foreign satellite access
8. Bank raises RocketLab target price
9. Paramount throws kitchen sink

Categories: Articles, Business, M&A