Rotana announced that News Corp. increased its stake in Rotana Group, from 9.1 % to 14.5 %.

News Corp. spent $35 million on the new stake in Rotana Group, the Arabic music producer and broadcaster owned by the Saudi billionaire Prince Alwaleed bin Talal.

In this photo_sent out by Rotana_the negotiation between Rupert Murdoch’s son James Murdoch and Prince Alwaleed Bin Talal.

Related Arabic News - المزيد من الاخبار :

1. Rotana and News Corp partnership
2. MTV Networks and MBC Group sign an agreement
3. Prince AlWaleed Bin Talal receives reward