Prince Alwaleed Bin Talal And Kingdom Holdings Buy $300M Chunk In Twitter

Posted: Dec 19 2011, 3:38pm CST | by , Updated: Dec 19 2011, 3:42pm CST, in News | Technology News


/* Story Top Left 2010 300x250, created 7/15/10 */ google_ad_slot = "8340327155";
Buy twitter from Amazon Prime Day, Amazon Cyber Monday and Black Friday Now

$300 million worth of Twitter

Saudi royal Prince Alwaleed bin Talal has purchased a giant chunk of Twitter with his Kingdom Holding investment arm. The agreement gives the prince a $300 million strategic stake in Twitter and came after what those close to the deal are calling several months of negotiations.

The purchase by Alwaleed sent shares of Kingdom up 8.3% in local trading reports Business Week. “Kingdom realizes the importance of social networks like Twitter and their future growth prospects, and decided to benefit from this trend,” said Samer Darwiche, an analyst at Gulfmena Investments in Dubai.

Twitter as been considering an IPO for some time that is thought to raise as much as $10 billion for the micro blogging site. Twitter has confirmed the investment, but has offered no comment. Alwaleed is a big tech investor and has holdings in Citigroup, GM, News Corp and Apple.

You May Like


The Author

<a href="/latest_stories/all/all/3" rel="author">Shane McGlaun</a>
Leading our review center, Shane McGlaun (Google) knows technology inside out. His extensive experience in testing computer hardware and consumer electronics enable him to effectively qualify new products and trends. If you want us review your product, please contact Shane.
Shane can be contacted directly at




Leave a Comment

Share this Story

Follow Us
Follow I4U News on Twitter
Follow I4U News on Facebook

You Also Like


Read the Latest from I4U News