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. Last Updated: 07/27/2016

Kirch Gruppe Rumors

FRANKFURT, Germany -- German media giant Kirch Gruppe refused to comment over the weekend on a report that Rupert Murdoch hopes to take a $1 billion stake in the new holding company being formed through its restructuring.

Along with Murdoch's News Corp., this week's Focus magazine reported the other two international investors would be Saudi Prince Alwaleed bin Talal and Italian media tycoon Silvio Berlusconi.

It said Prince al Waleed is aiming to invest about $350 million to $450 million in the holding company, to be called Taurus, which covers Kirch's core business activities of film licensing, film production and television.