Al Hayat sale almost complete

M&A WATCH- Television broadcaster al Al Hayat, which was recently swirling the drain after allegedly failing to make good on payments owed to state-owned broadcast services providers, is now in play, according to Al Mal. The newspaper reports that owner Al Sayed Al Badawi is in sale talks, with prospective buyers said to include Yasseen Mansour, recently pardoned Hisham Talaat Moustafa, and an unnamed Emirati.