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


© 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.

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