VANISHING INVESTMENT: Kingdom took part in talks over a potential investment in Snapchat but decided not to invest in the application, the source said.
DUBAI: Saudi Arabia's Kingdom Holding, the investment firm owned by billionaire Prince Alwaleed bin Talal, has no plans to invest in Snapchat, a source familiar with the matter told Reuters.
Senior management at Snapchat, the social media platform that allows more than 100 million users to send messages that disappear after a few seconds, held talks with Alwaleed on March 8.
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