Saudi prince invests $300m in Twitter

2011-12-19 16:13
Dubai - Saudi billionaire Prince Alwaleed bin Talal says he and his investment company are investing a combined $300m into the micro-blogging site Twitter.

Alwaleed said on Monday the joint investment with his Kingdom Holding Company represents an interest in investing "in promising, high-growth businesses with a global impact".

Twitter allows users to send short messages of up to 140 characters. It has been instrumental in connecting protesters and relaying on-the-ground developments during this year's Arab Spring uprisings.

Alwaleed's KHC is a major shareholder in Citigroup and holds stakes in other large stakes in other western giants, including Apple and Rupert Murdoch's News Corporation.
Read more on:    twitter  |  social networks

Join the conversation!

24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.
NEXT ON NEWS24X

linking and moving

2015-04-22 07:36

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
2 comments
Comments have been closed for this article.

Inside News24

 
/Sport

Book flights

Compare, Book, Fly

Traffic Alerts
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.