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Why Is A Saudi Prince Selling Out Of News Corp?[Fox News}
Forbes ^ | 02/04/15 | Chris Wright

Posted on 02/04/2015 12:21:37 PM PST by Enlightened1

Few individual investors have quite as much capital to deploy as Prince Alwaleed Bin Talal of Saudi Arabia. Through his Kingdom Holding , he holds significant stakes in companies including Citigroup C -0.41%, Twitter TWTR +1.28% – and, until recently, News Corporation.

The Prince hasn’t sold out completely – he still owns about 1% of the company, as well as a separate 6.6% shareholding in 21st Century Fox Inc which in itself is worth about $1.7 billion – but he previously also held 6.6% of News Corp NWSA 0%, or a total of 13.184 million class B shares. He’s shed all but two million of them.

(Excerpt) Read more at forbes.com ...


TOPICS: Business/Economy; Foreign Affairs; Government; News/Current Events
KEYWORDS: alwaleedbintalal; citigroup; foxnews; kingdomholding; newscorp; newscorporation; saudiarabia; saudiprince; selling; twitter
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1 posted on 02/04/2015 12:21:37 PM PST by Enlightened1
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To: Enlightened1

Most likely because he senses a new war is going to break out in the Middle East.


2 posted on 02/04/2015 12:23:01 PM PST by Biggirl (2014 MIdterms Were BOTH A Giant Wave And Restraining Order)
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To: Enlightened1

Maybe he needed some beer money?

Why does anyone sell something?


3 posted on 02/04/2015 12:23:54 PM PST by KoRn (Department of Homeland Security, Certified - "Right Wing Extremist")
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To: Enlightened1

I wonder who bought the 5% of News Corp from the prince?


4 posted on 02/04/2015 12:24:42 PM PST by Zuben Elgenubi (NOPe to GOPe)
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To: Biggirl

...and the Eastern Bloc...and Europe...and South America...and Asia...and USA...gonna be an interesting time while the Obama golfs...


5 posted on 02/04/2015 12:27:26 PM PST by ctdonath2 (Si vis pacem, para bellum.)
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To: Enlightened1

just possibly we may begin to see now a little more, and better, coverage of the IslamoNazi threat against America (and obviously Europe)

on Fox

just possibly.

we will see...


6 posted on 02/04/2015 12:28:46 PM PST by faithhopecharity ((Brilliant, Profound Tag Line Goes Here, just as soon as I can think of one..)
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To: Enlightened1

He’s probably ticked off at FOX’s leftward tilt like a lot of us he just has the “clout” to do something about it.
Freegards
LEX


7 posted on 02/04/2015 12:29:30 PM PST by lexington minuteman 1775
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To: Enlightened1

He is starting his own media company, al Arab (not to be confused with Al Arabiya) on Bahrain.


8 posted on 02/04/2015 12:29:48 PM PST by BeauBo
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To: Enlightened1

We used to have a poster who was constantly raving about Arab ownership of Fox.


9 posted on 02/04/2015 12:32:50 PM PST by ansel12 (Civilization, Crusade against the Mohammedan Death Cult.)
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To: Zuben Elgenubi
I wonder who bought the 5% of News Corp from the prince?

Funny how no one is asking that, isn't it? "Why did the prince sell?" The better question is "why did someone else buy?"

10 posted on 02/04/2015 12:35:31 PM PST by Alex Murphy ("the defacto Leader of the FR Calvinist Protestant Brigades")
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To: Zuben Elgenubi

Soros probably bought it all. Meet the new boss, same as the old boss.


11 posted on 02/04/2015 12:36:18 PM PST by lee martell
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To: Enlightened1

Maybe because the stock took a dive in October and isn’t showing much sign of recovering.


12 posted on 02/04/2015 12:38:20 PM PST by Bubba Ho-Tep
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To: BeauBo
BeauBo wrote:
He is starting his own media company, al Arab (not to be confused with Al Arabiya) on Bahrain.


13 posted on 02/04/2015 12:38:39 PM PST by wtd
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To: ctdonath2

.....But the Middle East is the BIG tinder box though at this time.


14 posted on 02/04/2015 12:48:54 PM PST by Biggirl (2014 MIdterms Were BOTH A Giant Wave And Restraining Order)
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To: lee martell

Nah, not really. Soros would not touch it with a ten foot pole.


15 posted on 02/04/2015 12:49:41 PM PST by Biggirl (2014 MIdterms Were BOTH A Giant Wave And Restraining Order)
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To: ansel12
We used to have a poster who was constantly raving about Arab ownership of Fox.

LOL I forgot all about that guy. If I remember, he claimed that Fox News was created specifically to make conservatives look bad! Anyone remember his FReeper handle?

16 posted on 02/04/2015 12:50:58 PM PST by Alex Murphy ("the defacto Leader of the FR Calvinist Protestant Brigades")
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To: faithhopecharity

I sense that will happen more as time goes on.


17 posted on 02/04/2015 12:51:08 PM PST by Biggirl (2014 MIdterms Were BOTH A Giant Wave And Restraining Order)
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To: Zuben Elgenubi

When you sell your stock on the NYSE, you have no idea who is buying it. Your trader breaks it up into 1000-share lots, and pushes it out over a period of months.


18 posted on 02/04/2015 12:56:17 PM PST by proxy_user
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To: Biggirl

You don’t think so? Perhaps using a neutral source as the buyer? He may want to slowly obtain influence on the Board Of Directors for Fox as a shareholder, slowly ‘sweetening the bitter wine of the GOP’.


19 posted on 02/04/2015 12:57:07 PM PST by lee martell
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To: Biggirl

Big enough to set the whole house on fire.


20 posted on 02/04/2015 1:04:42 PM PST by ctdonath2 (Si vis pacem, para bellum.)
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