Saudi billionaire Prince AlWaleed bin Talal looks on during a news briefing in Manama, May 8, 2012. REUTERS/Hamad I Mohammed
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Saudi billionaire Prince Alwaleed bin Talal has invested 1 billion riyals ($267 million) into music streaming company Deezer, his first deal since being detained last year in a government crackdown on corruption.The prince's Kingdom Holding Co. investment vehicle and his media company Rotana Group have bought new shares in Deezer, according to a statement from Prince Alwaleed's office Thursday. Prince Alwaleed was the most prominent among hundreds of Saudi businessmen, government officials and princes who were swept up in November and detained in the Ritz-Carlton in what the state called a crackdown on corruption.
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