Monday, December 19, 2011

Alwaleed Bin Talal Invests $300 Million In Twitter

[ via Huffington Post ] 19 Dec

Saudi billionaire Prince Alwaleed bin Talal says he and his investment company are investing a combined $300 million into the microblogging site Twitter.

Alwaleed said Monday the joint investment with his Kingdom Holding Company represents an interest in investing "in promising, high-growth businesses with a global impact."

Alwaleed's KHC is a major shareholder in Citigroup and holds stakes in other large stakes in other western giants, including Apple and Rupert Murdoch's News Corporation.

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