Saudi billionaire Prince Alwaleed invests $300 million into microblogging site Twitter

DUBAI, United Arab Emirates — Saudi billionaire Prince Alwaleed bin Talal and his investment company said Monday they are investing a combined $300 million into Twitter, increasing the microblogging site's cash cushion as its user base expands.

Alwaleed's joint investment with his Kingdom Holding Co. follows months of negotiations and will give them a "strategic stake" in Twitter, according to the Riyadh, Saudi Arabia-based investment firm. It wasn't clear how much of Twitter the prince will control.

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Chico Harlan 19 Dec, 2011

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Source: http://feeds.washingtonpost.com/click.phdo?i=e4874cfdd5da20e66ed7079833437658
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