Saudi Prince Increases Stake in FOX Broadcasting

Saudi Prince Alwaleed bin Talal, one of the richest men in the world, has raised his voting stake in the New York media giant News Corporation to 5.46%.

Al-Waleed, the nephew of the late Saudi King Fahd, was in the news when he visited the World Trade Center’s remains just after the September 11th attacks and offered then-New York City Mayor Rudy Giuliani a $10 million check for relief efforts. Al-Waleed then released a statement blaming US foreign policy and support for Israel for the attacks.

Giuliani returned the prince’s check with a statement that, “There is no moral equivalent for this attack. The people who did it lost any right to ask for justification when they slaughtered . . . innocent people … Not only are those statements wrong, they’re part of the problem.”

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