الرئيسية
US media giant
News Corp. announced plans on Monday to take a stake in Dubai-based
Moby, which has broadcasting operations in the Middle East and
Afghanistan.
In a statement, News Corporation and Moby said the group led by media
mogul Rupert Murdoch will become a minority investor in Moby.
News Corporation will contribute its 50 percent shareholding in
Broadcast Middle East, its Farsi-language TV joint venture with Moby,
for a minority shareholding in Moby and will also provide capital to
Moby for its expansion plans.
Through BME, News Corporation and MOBY have launched two Farsi-language channels, FARSI1 and Zemzemeh.
The agreement "will enable Moby to strengthen its leadership position
across the regions in which it currently operates whilst working to
expand its presence in new and emerging markets," said a joint
statement.
Moby will continue to be chaired by Saad Mohseni while Zaid Mohseni
will continue to serve as chief executive of BME, which will become a
subsidiary of Moby.
"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 chairman James Murdoch.
"The Mohsenis are true pioneers and we are pleased to be able to
invest alongside them in these challenging, yet very promising markets."
Saad Mohseni said in the statement, "We are delighted to have in News
Corporation both a partner with a long track record of growing
entrepreneurial, innovative businesses and an investor that sees value
in entering parts of the world which many media organizations have not
traditionally looked to."
Moby hopes to develop its activities in Pakistan, Iran, Uzbekistan and Tajikistan.
Based in New York, News Corp. operates the Fox film and television
properties, satellite unit SKY Italia, the Wall Street Journal and New
York Post, various publishing assets, and news properties in Britain and
Australia. It owns 39 percent of British pay-TV giant BSkyB.
News Corp. announced plans on Monday to take a stake in Dubai-based
Moby, which has broadcasting operations in the Middle East and
Afghanistan.
In a statement, News Corporation and Moby said the group led by media
mogul Rupert Murdoch will become a minority investor in Moby.
News Corporation will contribute its 50 percent shareholding in
Broadcast Middle East, its Farsi-language TV joint venture with Moby,
for a minority shareholding in Moby and will also provide capital to
Moby for its expansion plans.
Through BME, News Corporation and MOBY have launched two Farsi-language channels, FARSI1 and Zemzemeh.
The agreement "will enable Moby to strengthen its leadership position
across the regions in which it currently operates whilst working to
expand its presence in new and emerging markets," said a joint
statement.
Moby will continue to be chaired by Saad Mohseni while Zaid Mohseni
will continue to serve as chief executive of BME, which will become a
subsidiary of Moby.
"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 chairman James Murdoch.
"The Mohsenis are true pioneers and we are pleased to be able to
invest alongside them in these challenging, yet very promising markets."
Saad Mohseni said in the statement, "We are delighted to have in News
Corporation both a partner with a long track record of growing
entrepreneurial, innovative businesses and an investor that sees value
in entering parts of the world which many media organizations have not
traditionally looked to."
Moby hopes to develop its activities in Pakistan, Iran, Uzbekistan and Tajikistan.
Based in New York, News Corp. operates the Fox film and television
properties, satellite unit SKY Italia, the Wall Street Journal and New
York Post, various publishing assets, and news properties in Britain and
Australia. It owns 39 percent of British pay-TV giant BSkyB.