CORRECTED-Prince Alwaleed's firm takes $266.7 mln stake in Deezer | Reuters:
Prince Alwaleed bin Talal’s Kingdom Holding has completed a 1 billion Saudi riyal ($266.7 million) deal to buy newly issued shares in the French music streaming service Deezer, the company said in a statement on Thursday.
Shares in Deezer will be bought through Kingdom Holding and Rotana Group, a Saudi-based entertainment company wholly owned by the Saudi billionaire which produces a series of channels covering music, cinema, religion, news and drama.
The statement did not provide any further details on the stake or the number of shares acquired.
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