| MUMBAI:
Rupert Murdoch-owned News Corp is eyeing a 20 per cent stake in Saudi billionaire
Prince Alwaleed bin Talal's broadcasting network Rotana Media. This
will mark the media giant's first major acquisition in the Middle East. The
deal is expected to see a formal bid valuing the stake this month, reports the
Wall Street Journal.
Prince
Alwaleed bin Talal currently holds a 5.7 per cent stake in News Corp through his
investment vehicle, Kingdom Holdings. News
Corp also has a relationship with Rotana through its subsidiary, Fox International
Channels which launched Fox Movies and Fox Series on the network last year. | 
