Abu Dhabi funds invest $150 million in messaging app Telegram

Abu Dhabi funds invest $150 million in messaging app Telegram
  • Clock-gray 14:34
  • calendar-gray 23 March 2021

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, APA reports citing Reuters. 

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

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