Posted on 02/16/2006 8:53:44 PM PST by Esther Ruth
UAE company takes stake in Time Warner, hires Icahn Staff and agencies 16 February, 2006
46 minutes ago
WASHINGTON - United Arab Emirates-based media investment company Istithmar PJSC, through $2 billion in participation notes issued by UBS AG, now controls 2.39 percent of Time Warner Inc.‘s (NYSE:TWX - news) stock and has hired one of Carl Icahn‘s entities as its advisor, according to a regulatory filing on Thursday.
The notes give Istithmar effective control over and economic exposure to over 109 million Time Warner shares, the filing with the U.S. Securities and Exchange Commission Securities and Exchange Commission said.
Under the agreement, UBS does not have economic exposure or control over the shares.
http://money.cnn.com/2006/02/16/news/companies/uae_time_warner.reut/
UAE company takes stake in Time Warner
Media investment company now controls nearly 2.5 percent of Time Warner stock; hires Icahn as advisor.
February 16, 2006: 6:29 PM EST
WASHINGTON (Reuters) - United Arab Emirates-based media investment company Istithmar PJSC, through $2 billion in participation notes issued by UBS AG, now controls 2.39 percent of Time Warner's (Research) stock and has hired one of Carl Icahn's entities as its advisor, according to a regulatory filing Thursday.
The notes give Istithmar effective control over and economic exposure to over 109 million Time Warner shares, the filing with the Securities and Exchange Commission said.
Under the agreement, UBS does not have economic exposure or control over the shares.
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UAE buying our country?
My prediction is Carl Icahn will end up in jail as a market manipulator.
Pssst.
Also known as CNN/Time Warner.
Ted Turner is still getting residuals.
We are being colonized by jihadists..
Good grief, they are on a spending spree these days - CSX World last year, retail of Citgo/Texaco in Dubai recently, 1.1 B Manhattan commercial real estate in 11/05, P & O Nedlloyd, now this!
Yup.
They also own something over 2% of News Corp as well.
The UAE and the Republic of Kazakhstan yesterday signed a joint action plan pledging cooperation in several sectors.
The plan involves implementation of energy projects, exploration and processing of minerals, setting up of joint ventures in infrastructure and telecom sectors
Is that near the Duchy of Krapastan?
A cancer, gobbling everything up..
OK, now your post has confused me a bit. An arab muslim company has hired part of Carl Ichans group to help it manage its time/warner holdings? Isnt Ichan a Jew? I was under the impression he was Jewish. If I am correct, this is most odd.
http://search.msn.com/results.aspx?q=Carl+Icahn&FORM=SSRE
All you ever wanted to know about him...
http://www.net-wave.net/eventpartners/istithmar.html
Istithmar is a major investment holding company based in the United Arab Emirates. Launched in 2003, it co-ordinates the appraisal and implementation of numerous entrepreneurial ventures.
Istithmar was originally created to centralise investments made by the Dubai Ports, Customs and Free Zone Corporation and affiliated companies collectively referred to as the Istithmar Group. This consists of Nakheel (a real-estate development firm), Dubai Metals and Commodities Centre, and Tejari (an online procurement firm). Capitalising on the expertise of the Group, Istithmar aims to nurture projects in various sectors, including financial services, real estate, logistics, tourism, manufacturing and retail.
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