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. Last Updated: 07/27/2016

Big Internet Player

DUBAI -- Saudi Arabian billionaire Prince Alwaleed bin Talal said Thursday he had invested $1 billion in technology-related shares over the past six months as prices in the sector dropped.

The prince said in a statement that he had invested $400 million in AOL, raising the value of his investment in the Internet firm to $1.05 billion.

He also said he had invested $400 million in computer firm Compaq and $100 million each in Eastman Kodak Co. and office equipment giant Xerox.