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View Diary: Murdochgate: UK Prosecutors to Reveal Names of 600 Phone Hacking Victims (42 comments)

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  •  A shares (1+ / 0-)
    Recommended by:
    Creosote

    the share structure of NC (which would be illegal in the UK) provides for a small number of A shares that have voting rights. The ordinary shares are the only ones available for the public to buy and do not carry voting rights. I believe they form the larger proportion by far of the market capitalisation.

    The cash value of what  amounts to a few tens of $millions (about $20million at a rough tot up) does not mean that the associated voting rights are minimal.

    I cannot remember his name but the Murdochs have a tame billionaire from the Gulf who often helps them out in these circumstances and for who these transactions would be small change

    Continuing on a TV near you; "The Magical Mitt Sorry Tour (Underpants Edit)"

    by Lib Dem FoP on Thu Aug 23, 2012 at 07:44:43 AM PDT

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    •  isnt he (1+ / 0-)
      Recommended by:
      Creosote

      Something like the sheikh who is in charge of the saudi arabian market hdings or something similar? ill look it up when i get back home.

      Interviewer: What do you believe is behind this recent increase in terrorist bombings? Helpmann: Bad sportsmanship

      by ceebs on Thu Aug 23, 2012 at 08:35:26 AM PDT

      [ Parent ]

      •  here you go (1+ / 0-)
        Recommended by:
        Creosote

        Arab Media & Society

        In 2000, Kamel sold his shares to the world’s now thirteenth richest man, Saudi prince Al-Walid Bin Talal, for $100 million. Bin Talal is the Rupert Murdoch of media ownership in the Middle East, with his Kingdom Holding companies owning the region’s largest music label (Rotana Records), six music TV channels (Rotana Clip, Rotana Music, Rotana Gulf, Rotana Cinema, Rotana Tarab, Rotana Zaman), and a stake in Lebanese newspapers An Nahar and Ad Diyar in addition to his stake in LBCI (Bin Talal, incidentally, is the third largest shareholder in Murdoch’s News Corp., with 5.46% of voting shares).[7] 

        Interviewer: What do you believe is behind this recent increase in terrorist bombings? Helpmann: Bad sportsmanship

        by ceebs on Thu Aug 23, 2012 at 10:35:58 AM PDT

        [ Parent ]

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