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Rotana, News Corp agree deal
- Saudi Arabia: Thursday, December 03 - 2009 at 11:38
Rotana TV and US-based News Corp have closed a deal that will see the latter acquire a 10% stake in Rotana with an option to buy another 10%, according to Rapid TV News website. Rotana, which is backed by Prince Waleed bin Talal, had launched two Fox-branded English language entertainment channels in the region earlier this year and the two companies are expected to launch a range of new channels next year.
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StaffThursday, December 03 - 2009 at 11:38 UAE local time (GMT+4)
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