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 ...
Most likely because he senses a new war is going to break out in the Middle East.
Maybe he needed some beer money?
Why does anyone sell something?
I wonder who bought the 5% of News Corp from the prince?
...and the Eastern Bloc...and Europe...and South America...and Asia...and USA...gonna be an interesting time while the Obama golfs...
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...
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
He is starting his own media company, al Arab (not to be confused with Al Arabiya) on Bahrain.
We used to have a poster who was constantly raving about Arab ownership of Fox.
Funny how no one is asking that, isn't it? "Why did the prince sell?" The better question is "why did someone else buy?"
Soros probably bought it all. Meet the new boss, same as the old boss.
Maybe because the stock took a dive in October and isn’t showing much sign of recovering.
He is starting his own media company, al Arab (not to be confused with Al Arabiya) on Bahrain.
.....But the Middle East is the BIG tinder box though at this time.
Nah, not really. Soros would not touch it with a ten foot pole.
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?
I sense that will happen more as time goes on.
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.
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’.
Big enough to set the whole house on fire.
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