Home Business Abu Dhabi funds make investments $150 million in messaging app Telegram By...

Abu Dhabi funds make investments $150 million in messaging app Telegram By Reuters

77
0

© Reuters. The Telegram brand is seen on a display of a smartphone on this image illustration

DUBAI (Reuters) – Abu Dhabi sovereign wealth fund Mubadala Funding Firm and Abu Dhabi Catalyst Companions have invested a mixed $150 million in messaging app Telegram, a joint assertion stated on Tuesday.

Mubadala invested $75 million in 5-year pre-IPO convertible bonds, whereas Abu Dhabi Catalyst Companions invested an extra $75 million.

Disclaimer: Fusion Media wish to remind you that the info contained on this web site shouldn’t be essentially real-time nor correct. All CFDs (shares, indexes, futures) and Foreign exchange costs are usually not offered by exchanges however slightly by market makers, and so costs is probably not correct and will differ from the precise market value, which means costs are indicative and never acceptable for buying and selling functions. Due to this fact Fusion Media doesn`t bear any duty for any buying and selling losses you would possibly incur on account of utilizing this knowledge.

Fusion Media or anybody concerned with Fusion Media is not going to settle for any legal responsibility for loss or injury on account of reliance on the knowledge together with knowledge, quotes, charts and purchase/promote alerts contained inside this web site. Please be totally knowledgeable concerning the dangers and prices related to buying and selling the monetary markets, it is without doubt one of the riskiest funding varieties attainable.