Israeli to buy 50% of Al Jazeera?

Arabic media are reporting that Israeli media mogul Haim Saban is negotiating with the government of Qatar to purchase 50% of the Al Jazeera channel.

Negotiations are reportedly going through and Egyptian intermediary.

Similar rumors occurred in 2006. According to the article, Saban withdrew from the 2006 offer in the wake of a Price Waterhouse audit of the channel, but is now offering double what he offered then.

It seems equally likely that someone wants to make Al Jazeera or Qatar look bad in the Arab world.