Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud has invested $300 million in Twitter,social networking website.Prince Alwaleed bin Talal founder and CEO of Kingdom Holding Company.
As per a report at bloomberg, the investment was the result of “several months of negotiations”.
Samer Darwiche, an analyst at Gulfmena Investments in Dubai says:
“Kingdom realizes the importance of social networks like Twitter and their future growth prospects, and decided to benefit from this trend,”
Prince Alwaleed said:
“Our investment in Twitter reaffirms our ability in identifying suitable opportunities to invest in promising, high-growth businesses with a global impact.”