“THE wealthy Saudi Arabian investor Prince Alwaleed bin Talal was mulling acquiring a stake in Twitter. Prince Alwaleed, chairman of Kingdom Holding, reportedly held talks with at least one of Twitter’s co-founders about acquiring part of their shareholding in the microblogging site, Sky News reported overnight, citing sources. If a deal is confirmed, it would add Twitter to the portfolio of companies part-owned by one of the world’s wealthiest investors. A shareholding of between $US200 million and $US300 million was examined by Kingdom Holding, which after Twitter’s recent fundraising drive would equate to about three per cent of the company, according to the report. It was unclear whether Kingdom Holding already acquired Twitter shares or whether it simply was in discussions with Twitter’s co-founders, Biz Stone and Evan Williams. Twitter declined to comment on the matter, the report said. In August, Twitter said it was taking part in a fundraising bid to fuel its global expansion. It reportedly drew in $US800 million from some existing investors, such as the US mutual funds giant T. Rowe Price. Prince Alwaleed already holds a seven per cent stake in News Corporation, the parent company of the publisher of news.com.au, which is a major shareholder in BSkyB – the owner of Sky News – and owns NewsCore. Kingdom is also a big investor in companies such as Apple and Time Warner…………”
Saudi princes and their retainers are grabbing media outlets worldwide with the same hunger as Abu Dhabi potentates grab the world supply of weapons. Theirownership is continuously expanding, and already dominates Arab airwaves. The list is long and growing longer as I write:
Asharq Alawsat (headed by a son of Prince Salman but owned by the father), Al-Hayat (owned by Prince Khaled Bin Sultan), Alarabiya (headed by a son of King Fahd but owned by an in-law), MBC, LBC, Rotana, News Corp which owns Fox News and Sky and others (partly owned by Prince al-Waleed). The latter also owns a hefty share of Times Warner (Time, CNN, etc.). Prince al-Waleed is also starting his own rival news network to Alarabiya and Aljazeera. There are more, many more that I probably can’t even imagine, like the Pyongyang Herald, Qom Tribune, Drudge Report, and Granma. Anything is possible in this age of Saudi zeitgeist.
It is a race against time: can the Saudi princes control all the world’s media before the Iranian mullahs develop their bomb and control all of our planet Earth? Can they both beat the Illuminati? Would Wolf Blitzer show up one afternoon for his News Hour, his white beard trimmed to a Saudi-style goatee and dyed jet black (Kiwi shoe polish)? Would Jack Cafferty show up attired in a thobe and shmagh? Can we expect a Republican or Democratic Presidential Debate on moderated by Tareq al-Humayyed on Alarabiya by 2016. Yes we can, maybe (zeitgeist).
Cheers
mhg
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