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16-01-14

Abu Dhabi Investment purchases Time Warner Inc for USD1.3 b

(MENAFN) Abu Dhabi Investment Authority has announced its plan of purchasing one of the world's largest media company the New York-based Time Warner Inc, according to Arabian Business. Abu Dhabi Investment is in the final stages of the purchase deal which is worth USD1.3 billion. The deal was announced last week, and is considered as one of the biggest in a surge of businesses involving foreign investors in US commercial real estate.