- LATEST
- WEBSTORY
- TRENDING
WORLD
Saudi prince Alwaleed bin Talal invests $300 million in Twitter
Alwaleed, the nephew of Saudi Arabian King Abdullah, is one of the wealthiest people in the world, with a net worth of $19.6 billion.
Updated : Dec 19, 2011, 09:52 PM IST
TRENDING NOW
)
Mukesh Ambani SUPERHIT plan for Jio users: 5G data, unlimited calls, OTT subscription at just Rs...
)
'Tauba Tauba': Brothers dance to Vicky Kaushal's song on sister's sangeet takes internet by storm, watch viral video
)
Pushpa 2 Box Office Collection Day 1: Within hours of release, Allu Arjun, Rashmika Mandanna's film collects Rs...
)
Meet Muslim actress, who was called 'sweeper' by Raj Kapoor, she quit non-veg food to play Radha, her son is...
)
Watch: Sachin Tendulkar reunites with childhood friend Vinod Kambli, netizens say, 'how life...'
)
Amid linkup rumours with Abhishek Bachchan, Nimrat Kaur shares photo of her new companion
)
Raveena Tandon 'caught' Aishwarya Rai with Akshay Kumar in a room? Taal actress revealed she took legal action against..
)
Not Allu Arjun, this superstar was Sukumar's first choice for Pushpa; he left blockbuster film because...
)
Bigg Boss 18: Rajat Dalal, Vivian Dsena, Avinash Mishra charge on Digvijay Rathee, fans say 'chugli gang ko bahar feko'
)
Samantha Ruth Prabhu's first post after Naga Chaitanya and Sobhita Dhulipala's wedding goes viral
)
'I'm overjoyed to share...': Sachin Tendulkar makes huge announcement about daughter Sara Tendulkar, two months after...
)
Pushpa 2 The Rule review: Allu Arjun is mass-personified, breathes fire, Fahadh Faasil, Rashmika Mandanna shine
)
Pushpa 2 release, review live updates: Manikarnika director Krish salutes Allu Arjun, predicts 2nd National Award
)
Sobhita Dhulipala to continue working in films after marriage? Naga Chaitanya says 'Like every Telugu household...'
)
Shatrughan Sinha reacts to Vikrant Massey's temporary break from acting: 'Aaj kal be bache zyada...'
Saudi billionaire prince Alwaleed bin Talal has invested $300 million in the microblogging company Twitter, becoming its latest major investor.
Alwaleed, the nephew of Saudi Arabian King Abdullah, is one of the wealthiest people in the world, with a net worth of $19.6 billion, according to Forbes magazine's estimation.
He already owns a seven percent stake in News Corporation, a "sizeable share" of Citigroup, and is understood to be starting his own cable news channel, The Telegraph reported Monday.
The prince bought the Twitter stake after "months of negotiations" through his Kingdom Holding Company, it said.
"Our investment in Twitter reaffirms our ability in identifying suitable opportunities to invest in promising, high-growth businesses with a global impact," the newspaper quoted him as saying.
Twitter had no further comment to make beyond the details of the investment. The San Francisco microblogging company is now valued $8.4 billion, despite having yet to turn a sizable profit.
It has over 100 million registered users, who post approximately one billion tweets a week. One of its other major investors is Yuri Milner, the Russian billionaire who owns Digital Sky Technologies and also has major stakes in Facebook and Zynga, Telegraph said.
