News Corporation (NASDAQ:NWSA) has announced that it has acquired a 10% stake in Prince Alwaleed bin Talal’s Rotana Media. The company has an option to purchase another 10% of the media conglomerate. The terms of the deal were not disclosed.
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A diversified media company, News Corporation operates in eight industry segments, Filmed Entertainment, Television, Cable Network Programming, Direct Broadcast Satellite Television, Magazines and Inserts, Newspapers and Information Services, Book Publishing and Other. The company operates in the United States, United Kingdom, Continental Europe, Australia, Asia, and Latin America. The company purchased VeriSing Inc’s minority share of the Jamba joint venture in October 2008 giving the company 100% interest in the venture.
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