Saudi Arabia's billionaire Prince al-Waleed bin Talal said he bought
a 5% stake in Rupert Murdoch's global media group News Corp Ltd and
5% in internet software group Netscape Communications Corp. A
statement from the prince's office in the Saudi capital Riyadh said
he has also bought around 1% of technology group Motorola. It said
the prince bought the News stake for $400 million, the <bold>Netscape
stake
for $146 million</bold> and the Motorola stake for $300 million. See
http://www.infobeat.com/stories/cgi/story.cgi?id=6139867-474
then...
*** Netscape buys software firm for $180M in stock
Netscape Communications Corp. said it will acquire Kiva Software
Corp., which makes software for large enterprises, for 6.3 million
shares of stock, valued at $180 million. Netscape said its
acquisition of the privately held company will make it a leading
provider of application server software for the computer programs
that large organizations use to tap into the Internet and develop
their own Internet-based networks. Jim Barksdale, president and chief
executive of Netscape, said the acquisition will help Netscape
deliver on its strategy of linking people and businesses using
Internet technology into so-called Externets and to internal networks
called Intranets. See
http://www.infobeat.com/stories/cgi/story.cgi?id=6136272-d55
--
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