Saudi Prince invests $300 million in Twitter

Price Alwaleed bin Talal invests $300 million in Twitter.

@anthony256
Published Mon, Dec 19 2011 9:23 PM CST   |   Updated Tue, Nov 3 2020 12:30 PM CST

His Aunty didn't throw him in a cab and send him to Bel-Air, but Prince Alwaleed bin Talal, the nephew of the Saudi Arabian King Abdullah, has invested a cool $300 million in social-networking site, Twitter. Alwaleed is one of the richest people in the world, ranked at No. 26 on Forbes' billionaire list, with a net work of $19.6 billion.

Saudi Prince invests $300 million in Twitter | TweakTown.com

He made the investment through his 'Kingdom Holding Co.', where it was announced through a press release, and confirmed by Twitter. Twitter's last round of funding, valued the company at $8.4 million and was led by Digital Sky Technologies (DST) of Russia. DST founder Yuri Milner, has stakes in Twitter, Facebook and Zynga.

NEWS SOURCE:allthingsd.com

Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

Newsletter Subscription

Related Tags

Newsletter Subscription
Latest News
View More News
Latest Reviews
View More Reviews
Latest Articles
View More Articles