Saudi prince invested $267 million into music streaming company Deezer
Saudi billionaire Prince Alwaleed Bin Talal has invested 1 billion riyals ($267 million) into music streaming company Deezer, his first deal since being detained last year in a government crackdown on corruption.
The prince’s Kingdom Holding Co. investment vehicle and his media company Rotana Group have bought new shares in Deezer, according to a statement from Alwaleed’s office earlier in the month. Deezer will also get access to Rotana’s audio and video content as part of the deal.
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