Saudi Investor Prince Alwaleed Invests $300 Million For “Strategic Stake” In Twitter
Prince Alwaleed bin Talal, the Saudi Arabian businessman and investor, has acquired a $300 million “strategic stake” in Twitter, following several months of negotiations.
Alwaleed, the founder and CEO of Kingdom Holdings, has a net worth of US$19.6 billion, already holds stakes in Apple, Citigroup, News Corp and General Motors, and is considered a “savvy investor” by his peers.
Prince Alwaleed, who ranked 26th on Forbes’ 2011 list of the world’s billionaires, does not use Twitter himself.
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