Home » Topics » share stake

Saudi billionaire, News Corp. benefactor, rebuffs calls for restructuring

LONDON (Reuters) – News Corp’s major shareholder Prince Alwaleed bin Tala has rebuffed calls to change the company’s dual-class structure or leadership, the Financial Times reported in its Tuesday edition. “Investors went into News Corp knowing the class A and B share structure,” Alwaleed was quoted as saying in an…