Just to understand scale, the Yahoo deal was worth up to about $100m. This is worth between $250 to $350m for a 20% stake in the company. You'll know Rotana as one of the biggest media players in the Middle East, and you'll also know the hotel chain - all part of Prince Al Waleed's empire.
While this deal doesn't yet seem to be done, it's interesting. Prince Al Aweed is a big shareholder in News Corp, so this might mean he has taken a big hit during the credit crunch months - but its probably more the desire of Western media companies really taking the Middle East seriously. Well Rupert Murdoch certainly is.
News Corp. circling stake in Rotana