...
...
Next Story

Abu Dhabi funds invest $150 million in messaging app Telegram

Mubadala invested $75 million in 5-year pre-IPO convertible bonds, while Abu Dhabi Catalyst Partners invested a further $75 million.

Published on: Mar 23, 2021 03:31 PM IST
Advertisement

Abu Dhabi sovereign wealth fund Mubadala Investment Company and Abu Dhabi Catalyst Partners have invested a combined $150 million in messaging app Telegram, a joint statement said on Tuesday.

The Telegram logo is seen on a screen of a smartphone in this picture illustration. (Reuters)
The Telegram logo is seen on a screen of a smartphone in this picture illustration. (Reuters)

Mubadala invested $75 million in 5-year pre-IPO convertible bonds, while Abu Dhabi Catalyst Partners invested a further $75 million.


 
Get the latest headlines from US news and global updates from Pakistan, Nepal, UK, Bangladesh, Russia and US Iran war Live, get all the latest headlines in one place on Hindustan Times.
Get the latest headlines from US news and global updates from Pakistan, Nepal, UK, Bangladesh, Russia and US Iran war Live, get all the latest headlines in one place on Hindustan Times.
SHARE THIS ARTICLE ON
Hindustantimes wants to start sending you push notifications. Click allow to subscribe