changing channels
Saudi sovereign fund acquires MBC television in $2 billion deal
The new owners said they will invest in local content production, expand streaming on Shahid and explore ventures in music, gaming and live events
MBC
MBC Chairman Waleed Al-Ibrahim at the firm's trading debut on Riyadh's Tadawul Stock Exchange
Add The Circuit on GoogleSaudi Arabia’s Public Investment Fund agreed to buy a 54% controlling stake in MBC Group, consolidating its leadership in revamping the kingdom’s approach to media and entertainment.
The near $2 billion purchase essentially transfers the company – one...