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Saudi Arabia to seize controlling stake in broadcaster MBC - sources

Officials plan to transfer ownership of 60% of the regional broadcaster while leaving the remaining 40 percent in the hands of Waleed al-Ibrahim, MBC's founder and chairman.  


 •   Saudi Telecom signs $1.8bn soccer broadcast deal
 •   MBC Group launches new studios in Dubai
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First step in a distribution collaboration between the two companies to bring unique short form content from local video creators to audiences in emerging markets.

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The deal appears to take rights to broadcast Saudi soccer away from regional broadcaster MBC group, which in July 2014 signed a 4.1 billion riyal, 10-year deal to obtain them.

Sony CEO Kazuo Hirai will step down from his post on April 1, 2018. He will remain as chairman of Sony, and the CEO seat will be filled by current CFO Kenichiro Yoshida.

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