Home   >   Business   >   Business News   >   201112
Twitter Gets $300m Saudi Cash Injection   
 
  << Prev  |  Next >>
 
20-Dec-2011  
Comments ( 0 )     Email    Print
       
 
 
 
 
Related Stories
 
Saudi billionaire Prince Alwaleed bin Talal's Kingdom Holding Company has announced a $300m (£194m) investment in social media site Twitter.

The investment follows "several months of negotiations", a company statement to the Saudi stock exchange said.

The prince, who is one of the world's richest men, owns stakes in many well-known companies, including News Corporation.

He also has investments in a number of media groups in the Arab world.

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

 
 
Source: BBC
 
 

Comments ( 0 ): Post Your Comments >>

 
 
 
Disclaimer: Opinions expressed here are those of the writers and do not reflect those of Peacefmonline.com. Peacefmonline.com accepts no responsibility legal or otherwise for their accuracy of content. Please report any inappropriate content to us, and we will evaluate it as a matter of priority.
 
 
Featured Video