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Thread: Murdoch to lose control of Fox?

  1. #1
    Veteran Member Micro Machines Champion, Race Against Time Champion Tedminator's Avatar
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    Murdoch to lose control of Fox?

    Rupert and the Saudi Prince: Key Murdoch ally sells off shares in 21st Century Fox - ABC News (Australian Broadcasting Corporation)

    One of Rupert Murdoch's key business allies, who was arrested in last week's corruption crackdown in Saudi Arabia, has quietly sold off his $1.5 billion stake in 21st Century Fox.

    Key points:


    • For the first three quarters of 2017, the Prince, a huge backer of Murdoch, owned 39,737,915 shares
    • That went down to zero in the fourth quarter
    • The shares' new owners remain unknown at this stage


    The business relationship between Mr Murdoch and Prince Alwaleed bin Talal is now under new scrutiny, with Mr Murdoch's control over his family-controlled business empire looking more uncertain.

    "This is very big news," Murdoch watcher and shareholder activist Stephen Mayne said after the company confirmed Prince Alwaleed had offloaded his shareholdings in Fox and News Corporation. "He's been the number one backer of Murdoch family control of the public companies for the last 20 years." One of the world's richest men, the Prince is one of dozens of royal family members, officials and business leaders arrested in Saudi Arabia in recent days.
    ..snip..


    interesting.. I wonder why Prince Talal dumped his stock and who picked up those 40 millions shares of Fox.
    Last edited by Tedminator; 9th November 2017 at 12:44 PM.
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  2. #2
    Veteran Member Micro Machines Champion, Race Against Time Champion Tedminator's Avatar
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    Behind Disney’s Play for Fox: Determination to Beat Netflix
    https://www.wsj.com/articles/streami...ets-1510137002

    Thats gonna be funny if Disney ends up owning Foxnews
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  3. #3
    Veteran Member Eve1's Avatar
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    Quote Originally Posted by Tedminator View Post
    Behind Disney’s Play for Fox: Determination to Beat Netflix
    https://www.wsj.com/articles/streami...ets-1510137002

    Thats gonna be funny if Disney ends up owning Foxnews
    You wanna bet the Mercer family picked up the shares?
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  4. #4
    RNG
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    From Reuters:

    Disney, which under U.S. rules could not own two broadcast networks, would not purchase all of Fox, CNBC reported. It would not seek to buy Fox’s sports programming assets for fear of running foul of antitrust laws with its own ESPN network, and also would not buy Fox News or Fox’s broadcast network or local broadcasting affiliates, the report said.
    https://www.reuters.com/article/us-f...-idUSKBN1D62GU
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