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Home>Topics>>UPDATE 1-News Corp boosts stake in Saudi Rotana to 14.5 pct

UPDATE 1-News Corp boosts stake in Saudi Rotana to 14.5 pct

Reuters: Media Diversified

Wed, 11 May 2011

RIYADH, May 11 (Reuters) - News Corp increased its stake in Saudi Arabian media group Rotana to 14.5 percent for $35 million as it seeks to boost its presence in the fast-growing regional media market, Rotana Group said on Wednesday.

Read the rest of this article on Reuters: Media Diversified

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