Saudi prince sells most of his News Corp stock for £125m

Rupert Murdoch’s supporter, Prince Al Waleed bin Talal, reduces holding from 5% to 1%The Saudi Arabian billionaire, Prince Al Waleed bin Talal, has sold a substantial stake in Rupert Murdoch’s publishing company, News Corp, reports Bloomberg.His investment firm, Kingdom Holdings, announced to the Saudi stock exchange that it had cut its ownership in News Corp from 6.6% (13m shares) to about 1% (2m shares), netting some $190m (£125m) in the process. Continue reading... Continue reading at 'The Guardian'

[ The Guardian | 2015-02-04 00:00:00 UTC ]

Other news stories related to: "Saudi prince sells most of his News Corp stock for £125m"

Rupert Murdoch's Disaster Is Already an E-Book

Vanity Fair gets a compilation into the Kindle and Nook stores: Twenty previously published stories for $4, heavy on the Michael Wolff. Continue reading at AllThingsD