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Princely sums for News, TW.(Smoke & Mirrors: BEHIND THE SCENCES OF THE BIZ'S DEALS, DECISIONS AND DIVERSIONS)(Prince Al Waleed bin Talal increases stake in News Corp. and assures confidence in Time Warner)
Variety, September, 2005 by Goldsmith, Jill
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Two U.S. media titans are feeling the love from a billionaire Saudi prince who sought last week to shoo raiders off two of his favorite investments.
Prince Al Waleed bin Talal announced in dramatic fashion that he'd boosted his stake in Rupert Murdoch's News Corp. The prince loaded up on key voting shares in a move that would fortify Rupe in the case of an unwanted advance by Liberty Media's John Malone. The prince praises Murdoch to the skies and says he'd buy more shares if necessary.
In comments from Paris, the jet-setting Al Waleed also placed "full trust and ...
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