Wednesday 8 November 2017

Saudi prince sells 21st Century Fox stake in blow to Murdochs | Media | The Guardian

Saudi prince sells 21st Century Fox stake in blow to Murdochs | Media | The Guardian:

"A key ally of Rupert Murdoch has sold his stake in 21st Century Fox, leaving the company more vulnerable to a rebellion by shareholders unhappy at the dominance of the Murdoch family. Prince Alwaleed bin Talal, who controls the investment firm Kingdom Holding and is one of the world’s richest men, at one stage owned more than 6% of Fox and has consistently backed the Murdochs in shareholder votes about the family’s control of the company. He has been a shareholder in Murdochcompanies – including Fox and News Corp, the owner of the Sun, Times and Wall Street Journal – for two decades and expressed public support for the family after the phone-hacking scandal at the News of the World in 2011."



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