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News Corp. Ups Rotana Stake

HONG KONG: News Corporation has purchased newly issued shares in Saudi Prince Al-Waleed bin Talal’s Rotana Group for $35 million, upping its stake in the Middle Eastern media company to 18.97 percent from 14.53 percent. News Corp. first invested in Rotana in February 2010, taking a 9.09-percent interest and options to increase its stake. In May …

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