Prince Alwaleed bin Talal, one of the world's richest men, converted a 3 percent stake in News Corp.'s non-voting class A shares to 5.46 percent of the class B voting shares, TheStreet.com reported.
That raises the influence of the Murdoch ally as the News Corp. founder raises the ramparts against John Malone and his Liberty Media company.
A long-time News Corp. shareholder, Malone has boosted his hold on the company to 18 percent, in response to which News Corp. last month adopted a so-called poison pill provision to discourage hostile takeovers.
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