Yahoo! Middle East and Rotana has announced a new partnership which will enable Yahoo! to use and stream Rotana’s wide range of multimedia content through its new Arabic speaking video network channel. This strategic alliance will enable Yahoo! to roll out a number of added-value services for Rotana and end users such as mobile-friendly content, advertising content management, and an enhanced IPTV offering, amongst others.

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C21 Media reports is quoting a report from the Wall Street Journal stating that a formal acquisition bid for 20% of the Arab media giant Rotana will be made by News Corp this month. It is not clear however whether the deal will be for existing stock or new shares.

Rotana, owned by Saudi billionaire Prince AlWaleed bin Talal, hosts Fox channels in Saudi Arabia via its TV network (Rotana TV) and owns rights to more than 2,000 Arabic movies. It also owns a film production company, a magazine (Rotana Magazine), a record label (Rotana Records) and operates a fledgling digital music and video business.

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