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Hogan Lovells Represents HRH Prince Alwaleed’s Rotana Media Group in an Investment by News Corporation and in Reorganizing the Rotana Businesses Across the Middle East

21 June 2010

WASHINGTON, D.C. and LONDON, 21 June 2010 – Hogan Lovells has advised Rotana Group, a Middle Eastern diversified media company owned by HRH Prince Alwaleed Bin Talal of Saudi Arabia, in an investment by News Corporation and in restructuring dozens of Rotana businesses located throughout the Middle East.

In this transaction News Corporation acquired 9.09 per cent of the new Rotana Group holding company and an option to acquire a second 9.09 per cent stake. The transaction creates an important connection between News Corporation, a diversified global media company, and Rotana Group, a diversified Middle Eastern media company. With operations in countries throughout the Middle East, Rotana Group operates one of the largest television networks and advertising sales operations in the region and owns the largest Arabic film library. Rotana Group also has built the leading record label in the Middle East, managing many of the most popular artists in the region and controlling the biggest Arabic music catalogue. In addition, Rotana Group operates an expanding radio network and a wide array of digital services and retail businesses, including Rotana Cafes.

In preparation for the News Corporation investment, Hogan Lovells supported Rotana Group in planning, structuring, and implementing a complex reorganization of its operations to bring dozens of businesses spread across the Middle Eastern under a single holding company organized in the Abu Dhabi Media Zone. Consistent with transaction deadlines, this huge, region-wide restructuring was completed in under 90 days.

"We are proud to have supported this high profile transaction between Prince Alwaleed's Rotana Group and News Corporation," said Warren Gorrell, Hogan Lovells Co-CEO. "This is exactly the type of complex, cutting edge cross-border matter that Hogan Lovells is well positioned to complete successfully for our clients."

The Rotana Group was advised by a team from both Hogan Lovells US LLP and Hogan Lovells International LLP led by partners Mark Mazo (Abu Dhabi, Paris, and Washington, D.C. offices), Philip Watkins (London office), and Sean Harrison (Abu Dhabi office), with extensive support from lawyers in the Abu Dhabi, Dubai, London, Paris, and Washington, D.C. offices.

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