Saudi Arabian billionaire Prince Alwaleed bin Talal sits for an interview with Reuters in the office of the suite where he has been detained at the Ritz-Carlton in Riyadh, Saudi Arabia January 27, 2018, REUTERS
DUBAI: Saudi billionaire Prince Alwaleed Bin Talal has invested one billion riyals (US$267mil) 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 last Thursday. Deezer will also get access to Rotana’s audio and video content as part of the deal.
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