Rupert Murdoch's US media giant News Corp is expanding its presence
in the Middle East media market and beyond by agreeing to acquire a
minority stake in Dubai-based media company Moby Group.
Under the
deal, News Corp will relinquish its 50 per cent stake in Broadcast
Middle East (BME), a Farsi-language television company jointly owned by
News Corp and Moby, in exchange for a minority share in Moby.
