News Corporation buys shares in Rotana Group

24 February 2010

US media organisation can increase its stake in the future

US-based News Corporation has agreed to buy a 9.1 per cent stake in Saudi-based media group Rotana for $70m.

News Corporation will have the opportunity to increase its stake to 18.8 per cent in the 18 months following the completion of the deal.

The deal was confirmed in a statement issued on 23 February by the US group.

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