News Corp is in discussions to acquire a 20% stake in Saudi-based broadcast group Rotana, according to US press reports. Rupert Murdochs News Corp is expected to lodge a formal bid for the stake, which will take the form of existing equity or new shares, later this month.
â¨News Corp launched two channels in the Middle East last year in association with Rotana, which is backed by Saudi billionaire Prince Alwaleed bin Talal. Rotana, meanwhile, has launched its Rotana Europe TV international channel on News Corp-backed pay-TV platform BSkyB.
ICYMI: A fifth of Brits are spending two working days a week watching streaming services digitaltveurope.com/2021/05/12/a-f… https://t.co/wokXGrv9Py
12 May 2021 @ 19:00:01 UTC