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Bev54

(10,058 posts)
1. I didn't know the Saudi Prince was a part owner in Fox?
Fri Dec 3, 2021, 08:11 PM
Dec 2021

Is that true? Some interesting news in Canada, that I have not seen mentioned is our Federal government has made gay conversion therapy illegal in our country.

Celerity

(43,435 posts)
7. it was a publicly traded company
Fri Dec 3, 2021, 08:31 PM
Dec 2021
https://en.wikipedia.org/wiki/21st_Century_Fox

Trade name 21st Century Fox
Type Public
Traded as NASDAQ: FOXA, FOX

ISIN US90130A1016
US90130A2006
Industry Mass media
Predecessor News Corporation
Founded June 28, 2013; 8 years ago
Founder Rupert Murdoch
Defunct March 20, 2019; 2 years ago
Fate Defunct;
Mostly of assets sold to The Walt Disney Company;


Portions of assets sold to Comcast, Sinclair Broadcast Group and Yankee Global Enterprises;

Remaining assets spun off to Fox Corporation.
Successors
Fox Corporation (US broadcasting, news and national sports assets)
The Walt Disney Company (Entertainment assets, cable networks and international networks)




Prince Alwaleed bin Talal, the billionaire Saudi businessman and investor who was detained last week in an anti-corruption drive in the kingdom, has sold his $1.5 billion stake in 21st Century Fox, the entertainment company controlled by Rupert Murdoch. News of the sale comes after questions about who has control over Prince Alwaleed’s investments after his detention, along with other princes and former and present ministers, in a corruption purge last weekend led by Saudi Arabia’s crown prince, Mohammad bin Salman.

The Kingdom Holding Company, Prince Alwaleed’s investment vehicle, said in a statement on Sunday that it was “business as usual” and that its “successful strategy remains intact” after the purge, which sent shockwaves through the international business community amid reports that the detainees’ assets had been frozen and put under public guardianship.

In a second statement on Monday, Talal al-Maiman, chief executive of Kingdom Holding, whose investments range from hotels including the Savoy to aviation and petrochemicals, emphasised that the company had the “full support” of the kingdom of Saudi Arabia. However, he made no mention of Prince Alwaleed, who is said to be worth about £14 billion. The prince has long been an ally of Mr Murdoch, executive chairman of News Corp, owner of The Times and The Wall Street Journal, and stood behind him throughout the phone-hacking scandal.

The prince began investing in News Corporation in 1997 and remained a shareholder in both News Corp and 21st Century Fox after the two companies became separate entities in 2013. Prince Alwaleed began distancing himself from Mr Murdoch’s business interests in February 2015, when Kingdom Holding announced that it had reduced its stake in News Corp from 6.6 per cent to 1 per cent, although it re-affirmed the prince’s support for the company. Filings in the United States show that the prince has been steadily withdrawing from 21st Century Fox from around the same time. His holding dropped below 5 per cent in December 2015 and he is now understood to have sold all his remaining shares.

Celerity

(43,435 posts)
3. might help if they spelt Murdoch correctly
Fri Dec 3, 2021, 08:14 PM
Dec 2021

also, a bizarre connection:

https://www.theguardian.com/media/2010/jul/06/rupert-murdoch-stake-rival-al-jazeera

A company headed by the Saudi billionaire Prince Alwaleed bin Talal says it plans to launch a new Arabic television news channel in partnership with Rupert Murdoch's Fox network. The prince said the Kingdom Holding company's 24-hour channel "will be an addition and alternative" for Arab viewers. It will compete with al-Arabiya and al-Jazeera.

He named the veteran Saudi journalist Jamal Khashoggi as chief of the new network, but did not say when it would begin broadcasting. Alwaleed, who owns the giant Rotana Group, was ranked last year by Forbes as the world's 19th wealthiest person.

Bristlecone

(10,130 posts)
11. I'm not sure that grouping "Muslims" with ISIS and Sharia Law
Fri Dec 3, 2021, 10:36 PM
Dec 2021

Is a good look here.

Yes, I get the point of comparing extremism, but there is a message behind this meme and I’d bet it’s not what we think it is.

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