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Big Traffic Author of this article: Phoenix Technology 2015-12-25
Kingdom Holding, an investment company owned by Saudi Prince Alwaleed bin Talal, announced 2.Led $47.7 billion in Lyft investment,Acquired 5 Lyft in total.3% shares,After this round of financing, Lyft’s expected valuation reaches 49.USD 200 million。
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Message on December 25,According to Reuters,Kingdom Holdings, the investment company of Saudi Prince Alwaleed bin Talal, said on Thursday,The company and other investors use 2.Purchased the ride-hailing company Lyft for about 188bet app US.7 billion.3% equity。Kingdom Holdings led the investment in this round。

Lyft is another ride-hailing company Uber’s biggest competitor in the United States。Revelation earlier this week states,Lyft hopes to raise up to $1 billion in Series F funding。

Kingdom Holdings、Prince Walid and other investors invested US$100 million in Series F,Kingdom Holdings holds an equity stake worth US$31 million。

In addition,188bet sports betting app download Kingdom Holdings and Prince Walid are also investing in the secondary market1.US$47.7 billion,Purchased preferred shares of Lyft。Kingdom Holdings’ equity in this investment is worth US$73.9 million。

If considering stock transfer,Currently Kingdom Holdings holds 2 shares of Lyft Inc..3% equity。Kingdom Holdings said that the company’s investment used existing available funds。

188bet sports betting app download Kingdom Holdings and Prince Waleed are major investors in the U.S. technology industry and other industries;The prince and his company hold more than 5% of Twitter shares。

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