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Saudi Prince buys Netscape stake

Marc Ambasna Jones ZDNet.co.uk

Published: 05 Dec 1997 10:39 GMT

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The prince, who earlier this year bought a 5 percent stake in Apple for $115 million, has bought 4.46 million common shares of Netscape for a cost of $146 million.

Claimed to be motivated by the recent stock market slide, the Prince has said that he also bought $300 million worth of Motorola shares.

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