Billionaire Saudi Prince Unloads Most of His Stake in News Corp

Posted Thursday, February 5, 2015 11:02 am

By: Tom Kludt | CNN Money

Saudi Prince Alwaleed bin Talal said Wednesday that his company will shed most of its stake in Rupert Murdoch's News Corp., taking its 6.6% ownership down to 1%.

But while Alwaleed's Kingdom Holding Company will reduce its stake in News Corp. (NWSA), it will maintain its 6.6% holding of Murdoch's entertainment company, 21st Century Fox (FOXA).

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Billionaire Saudi Prince Unloads Most of His Stake in News Corp

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