Saudi prince invests $300m in Twitter

Prince Alwaleed bin Talal holds stakes in other western giants including Apple and Rupert Murdoch’s News Corporation.

SAUDI BILLIONAIRE PRINCE Alwaleed bin Talal says he and his investment company are investing a combined $300 million into the microblogging site Twitter.

Alwaleed said today 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 western giants, including Apple and Rupert Murdoch’s News Corporation.

Video: check out the new version of Twitter

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