This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Middle Easterners Ready to Pounce on U.S. Media

On Tuesday, the Abu Dhabi Investment Authority gave the writedown-plagued Citi a $7.5 billion cash injection. On Monday, the government of Dubai announced a nearly 5% stake in Sony (SNE - Get Report). And earlier this year, Abu Dhabi put $7.5 billion into private equity firm Carlyle Group.

But foreign investments in U.S. companies have drawn the ire of lawmakers concerned about maintaining the integrity of U.S. infrastructure.

Sen. Charles Schumer, (D., New York) has been one of the most vocal leaders warning of the perils of foreign investments. In the summer, Schumer asked for a tough review of Borse Dubai in the Nasdaq Stock Market and was also critical of a Chinese government fund's $3 billion investment in the Blackstone Group (BX - Get Report), prior to the private equity firm's initial public offering.

Lately, however, lawmakers have appeared more open to what has been a series of minority stake investments by foreigners, including Abu Dhabi's recent purchase of preferred shares in Citi, which represents a 4.9% stake. The Abu Dhabi investment arm is estimated to have over $1 trillion available for investment.

Still, foreign investment in media is not without other challenges and would be sure to raise eyebrows domestically.

"There is a much higher degree of awareness there that U.S. media can affect non-U.S. interests in a direct way," Blumberg said, referring to some of his contacts' and clients' unfavorable perception of the U.S. media's coverage of the botched deal for Dubai to buy U.S. ports in 2006.
2 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
C $46.28 -0.96%
BX $27.44 -1.22%
NWS $12.96 -0.84%
SNE $24.10 -0.66%
AAPL $93.74 -1.15%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs