Feeds

News Ltd gets deeper into Arabia

Snares stake in Middle East media empire Moby

Mobile application security vulnerability report

News Corp has further embedded itself in the Middle East media market taking a strategic stake in Dubai-based media, content and technology player, the Moby Group.

Under the deal the Murdoch’s will hand over their 50 percent stake in Dubai-based Broadcast Middle East (BME), which is a joint venture between News Corporation and the Moby Group, for an equity swap in the Moby Group.

The Moby Group is headquartered in Dubai and active in Central Asia, principally Afghanistan, and the Middle East holiding a range of 13 integrated media and technology assets including a range of networks such as Tolo TV and Lemar TV.

Among Moby’s assets are original content production company Kaboora Production, technology property Alef Technology, internet café chain Andeshagah, strategic comms company Lapis and the Yellow Pages Afghanistan.

While financial details were not disclosed, News Ltd said it would also provide growth capital to Moby for its expansion plans and will get a seat on the board.

Following the investment, BME will become a wholly-owned unit of Moby. Via the BME joint venture, News and Moby have introduced two Farsi-language channels, FARSI1 and Zemzemeh, reaching millions of Farsi speaking audiences across Central Asia and the Middle East.

News Ltd already has a 14.5 percent stake in Arabic broadcaster-producer Rotana Group and Rotana’s owner Prince Alwaleed bin Talal, in turn, owns about 7 percent of News Corp.

News Corp also operates a joint venture with Abu Dhabi Media Investment Corp, which is poised to launch free-to-air Arabic-language news channel Sky News Arabia later this year.

“Merging our Farsi joint venture into Moby allows us to expand our activities with what is surely one of the most dynamic and exciting media businesses in emerging markets anywhere,” said News Corp deputy chief operating officer and News International chairman James Murdoch. ®

The Power of One Brief: Top reasons to choose HP BladeSystem

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
Amazon Reveals One Weird Trick: A Loss On Almost $20bn In Sales
Investors really hate it: Share price plunge as growth SLOWS in key AWS division
Bose says today is F*** With Dre Day: Beats sued in patent battle
Music gear giant seeks some of that sweet, sweet Apple pie
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
prev story

Whitepapers

Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Seven Steps to Software Security
Seven practical steps you can begin to take today to secure your applications and prevent the damages a successful cyber-attack can cause.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.