DUBAI, United Arab Emirates (AP) — Saudi billionaire Prince Alwaleed bin Talal and his investment company said Monday they are investing a combined $300 million into the microblogging site Twitter.
The joint investment with Alwaleed’s Kingdom Holding Co. follows months of negotiations and represents a strategic stake in Twitter, according to the Riyadh, Saudi Arabia-based investment firm.
Alwaleed, who has a long history of investing in media and technology, said the deal represents an interest in investing “in promising, high-growth businesses with a global impact.” Read More