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Article: Saudi Prince Buys Stock in Netscape, Motorola, News Corp.(Originated from Daily News, New York)

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Knight Ridder/Tribune Business News
Article date:
November 26, 1997
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Nov. 26--Saudi Prince Alwaleed bin Talal has dug into his extremely deep pockets once again.

Alwaleed, the billionaire nephew of Saudi Arabia's King Fahd who's been on a worldwide buying spree, confirmed yesterday he snapped up $846 million worth of stock in three high-profile companies.

The prince's corporate hat trick bagged him shares in media baron Rupert Murdoch's News Corp., high-profile Internet software company Netscape Communications and electronics giant Motorola.

"These companies are involved in areas that I am focusing on -- entertainment, media, communications, technology -- these are the industries of the future," said ...

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