Billionaire Alwaleed Sells $190 Million News Corp Stake

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Prince Alwaleed Bin Talal, Saudi billionaire and founder of Kingdom Holding Co., speaks during the Bloomberg Year Ahead: 2014 conference in Chicago on Nov. 20, 2013.

Photographer: Daniel Acker/Bloomberg

Saudi billionaire Prince Alwaleed Bin Talal’s investment firm sold a stake valued at almost $190 million in News Corp., reducing its holding in Rupert Murdoch’s media company to about 1 percent.

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