News Corporation acquires a stake in Rotana Group

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FDN Database Reference:  F231109-337
Acquirer:  News Corporation
ACQ Web:
Location:  USA, New York, NY
Region:  North America
Description:  News Corporation (NASDAQ: NWS, NWSA; ASX: NWS, NWSLV) had total assets as of December 31, 2009 of approximately US$56 billion and total annual revenues of approximately US$30 billion. News Corporation is a diversified global media company with operations in eight industry segments: filmed entertainment; television; cable network programming; direct broadcast satellite television; integrated marketing services; newspapers and information services; book publishing; and other. The activities of News Corporation are conducted principally in the United States, Continental Europe, the United Kingdom, Australia, Asia and Latin America.
Category:  Media Owner
Contact:  James Murdoch, Chairman and Chief Executive, Europe and Asia 
Vendor:  Rotana Group
Vendor Web:
Location:  Saudi Arabia, Riyadh
Region:  Middle East and Africa
Description:  Rotana Group operates one of the largest TV networks and ad sales operations in the region and owns the largest Arabic film library. Additionally, it has built the leading record label in the Middle East, managing many of the most popular artists in the region and controlling the biggest Arabic music catalogue. Rotana Group also operates an expanding radio network and a wide array of digital services.
Category: Music, TV, Radio, Advertising
Contact:  Owned by HRH Prince Alwaleed Bin Talal
Aprox. Value:  Undisclosed
Details:  News Corporation today announced that it has reached an agreement to buy a 9.09 per cent stake in Rotana Group, the Middle East media group. Under the terms of the agreement, News Corporation will acquire newly-issued shares in Rotana for $70 million. The company has an option to increase its stake to 18.18 per cent in the 18 months following completion.
Link: Press Release

Additional Note:  HRH Prince Alwaleed Bin Talal, the principal shareholder of the Rotana Group, is the beneficial owner of approximately 7 percent of News Corporation’s Class B Common Stock as reported on a Schedule 13G, as amended, filed on February 4, 2010

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