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.”

Source: bloomberg via techcrunch