Former Israeli billionaire Haim Saban is holding negotiations for the purchase of 50% of the al-Jazeera television network from the Qatari government, Egyptian newspaper al-Mesryoon reported Wednesday. The negotiations are said to be conducted through an Egyptian mediator.
This isn't his first attempt at purchasing al-Jazeera
Saban backed out of the same negotiations in the past without offering any explanation. His new offer was submitted recently through an Egyptian businessman.Why?
In addition to the Saban Group's media activity, and its stakes in Israeli communications company Bezeq, Saban used to be a musician and has a dual Israeli-American citizenship. He was born in Alexandria, Egypt in 1944, and immigrated to Israel in 1956.