An Israeli media tycoon has offered to buy the pan-Arab Al-Jazeera satellite television network from the government of Qatar.
Haim Saban, has submitted an offer to the Qatari government in a bid to purchase half of the Doha -based Al-Jazeera satellite network.
The Egyptian newspaper al-Mesryoon reported Wednesday that the Israeli billionaire is currently engaged in negotiations with Qatarâ€™s emir, Sheikh Hamad bin Khalifa al-Thani, over the partial purchase of the media outlet. The talks are said to be conducted through an Egyptian mediator.
The account comes amid reports that the largest and most controversial Arab news channel in the Middle East is grappling with a terrible financial crisis at present. Saban had previously made an offer to purchase al-Jazeera in 2004, but it was turned down.
The Israeli-American magnate has supposedly made an offer of $5 billion for the popular Arabic-language news channel, in an attempt to get a hold of it and to broadcast a pro-Israeli message so as to influence the Arab opinion in favor of Tel Avivâ€™s hawkish regime.
Al-Jazeera spawned a media revolution in the Arab world after it was founded in 1996. The network is reliant on state financial largesse, estimated at over $70 million a year, but does not broadcast shows critical of the Qatari government. Al-Jazeera, however, does air programs leveling criticism at all other Arab governments.
Seban made his fortune by buying the rights to market the Japanese kids show, â€œThe Power Rangers,â€ in America. He is a prominent supporter of Israel and the right-wing Netanyahu government. In addition, the Egyptian-born Jewish businessman is well known for his under-the-table dealings.