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>> JACK DORSEY Latest News

FEB 24, 2014 - Business Insider

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Saudi Arabia Investors Expected To Take $200 Million Stake In Square — Now Valued At $5 Billion

Kingdom Holding, the investment fund run by Saudi Arabia's Prince Alwaleed, wants to buy a $200 million stake in mobile payments company Square, according to a Fox Business report this morning. This would bring Square's valuation to $5 billion. The deal is expected to be locked up between Alwaleed and Square's founder Jack Dorsey today.  Late last year, Dorsey claimed that he had a plan for the company to be profitable by 2015, and in December he said that that he was talking to investors about raising a new round of financing that would let the company buy back stock ... Read More

Tags: Saudi Arabia Investors Expected To Take $200 Million Stake In Square — Now Valued At $5 Billion,  Jack Dorsey Latest News