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.
Denne historien er fra 16 August, 2018-utgaven av Bloomberg Businessweek Middle East.
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Denne historien er fra 16 August, 2018-utgaven av Bloomberg Businessweek Middle East.
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