Background
This interesting snippet from Netscape News: (hat tip, reader PC)
Saudi Arabian billionaire investor Prince Alwaleed bin Talal said Tuesday he now holds a 5.5% voting stake in Rupert Murdoch's News Corp. and is ready to raise his stake, especially if it is necessary to shield Murdoch from any potential hostile takeover attempts by the likes of John Malone's Liberty Media.
News Corp has said the Prince has long been a Murdoch ally in the fight against Liberty Media.
posted by wretchardthecat at 9/07/2005 08:33:00 PM
2 Comments:
Uh, I don't know who Malone is, but Murdoch, in pitting himself AGAINST Liberty Media, pits himself against the freedom of speech/accuracy of investigation resources that Liberty represents and champions.
Maybe Murdoch will enlist Saudi aid in hunting down Malone...
This is an interesting development. On the surface Murdock appears to be protecting himself and his control over his empire. But, there maybe other motives. I will try to find out more.
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