Saudi prince invests $300 million into Twitter

Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud invested $300 million into Twitter through his company, Kingdom Holding Company.

From the press release provided by KHC, the prince said:

Prince Alwaleed commented: “Our investment in Twitter reaffirms our ability in identifying suitable opportunities to invest in promising, high-growth businesses with a global impact.”

This investment was the result of several months of negotiations and comprehensive due diligence and represent a strategic stake in Twitter.



Categories : Business
Posted by Jason Hamilton | December 19, 2011  |  No Comment

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