Saudi Investor Alwaleed: News Corp’s News Of The World Was a “Rotten Apple
With the share price of News Corp. falling, Rupert Murdoch should be glad for the support of one of his largest investors: Saudi Prince Alwaleed bin Talal. The billionaire nephew of the Saudi king owns about 7% of News Corp. shares through his Saudi-listed investment vehicle Kingdom Holding. This makes Alwaleed the second largest shareholder after the Murdoch family. The Prince has been monitoring closely the developments surrounding the hacking scandal at the News of The World tabloid –and he supports Murdoch’s decision to shut it down.
This guy owns 7% of the total shares in "News" Corp. What do you expect him to say. :rofl:
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