Snapchat execs discuss cooperation opportunities with Saudi prince

Snapchat execs discuss opportunities with Saudi prince

10 MAR 2015

Snapchat executives recently met with Saudi Arabia’s Prince Alwaleed bin Talal, who owns 95 per cent of investment holding company Kingdom Holding, to talk about “future potential business cooperation in the technology field.”

CEO Evan Spiegel and chief strategy officer Imran Khan met with the prince, who claims to be “the largest individual foreign investor” in the US and has invested in Twitter and Chinese e-commerce company The prince met Snapchat ahead of a funding round that values the business at around $19 billion and through which it is hoping to raise up to $500 million.

The round would put Snapchat on the number three spot of the world’s most valuable venture capital-backed companies, behind Uber (valued at $45 billion) and Xiaomi (valued at $40 billion).


Saleha Riaz

Saleha joined Mobile World Live in October 2014 as a reporter and works across all e-newsletters - creating content, writing blogs and reports as well as conducting feature interviews...More

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