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Saudi billionaire buys $300 million stake in Twitter

Sections: Web, Web 2.0 / Social Networking

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Twitter Saudi Prince Alwaleed bin Talal, a billionaire with a sizable interest in News Corp, has purchased a $300 million stake in Twitter through his investment company, Kingdom Holdings. The Prince believes Twitter and social media in general are key to success of media in the future and that Twitter is well positioned to monetize it.

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

Twitter has had no comment on their newest investor. Would you invest in Twitter if you had the means to do so? Why or why not?

Read [The Guardian]

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