DUBAI, United Arab Emirates (AP) — 's said Tuesday it will spend $70 million for a slice of Arabic media giant Rotana Group, pushing deeper into the growing Middle East market while strengthening ties to a key Saudi shareholder. News Corp., the parent of Channel and distributor of said it will acquire a 9.1 percent stake by buying newly issued shares in Rotana, which is headed by Saudi billionaire Alwaleed bin Talal. The -based media company said it has an option to boost its...
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