THE GUARDIAN: Saudi billionaire Prince Alwaleed bin Talal has taken a $300m stake in Twitter
Saudi billionaire Prince Alwaleed bin Talal, the second-largest investor in Rupert Murdoch's News Corporation, has taken a $300m (£193m) stake in Twitter.
Alwaleed, who has a net worth estimated to be just below $20bn, has taken the stake in conjunction with his Kingdom Holding Company investment firm.
Applying an $8bn valuation figure for Twitter used by some analysts, the investment amounts to a 3.75% stake.
In a statement, Kingdom Holding said that the investment was "the result of several months of negotiations and comprehensive due diligence". » | Mark Sweney | Monday, December 19, 2011
