A controversial and increasingly popular messaging app has attracted more than $1 billion from new investors, its founder has announced, with Russia’s sovereign wealth stash said to be among those putting cash into the business.
A representative of the Russian Direct Investment Fund (RDIF) confirmed to RIA Novosti on Tuesday that it had “participated in the investment in Telegram together with the Mubadala Investment Company.” The RDIF later clarified that it had acquired a minority stake in Mubadala’s purchase of the company’s bonds as part of a Russian-UAE joint effort.
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