DUBAI, United Arab Emirates (AP) - The investment company headed by Saudi billionaire Prince Alwaleed bin Talal says the board of telecom firm Zain has tentatively accepted a joint bid it and Bahrain's Batelco Group made for Zain's Saudi operations.
Alwaleed's Kingdom Holding said in a regulatory disclosure on Monday it and Batelco offered a total of $950 million in cash.
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