Bank Of Baku

Saudi prince buys $300-million stake in Twitter

Saudi prince buys $300-million stake in Twitter
# 19 December 2011 09:17 (UTC +04:00)
Kingdom said that the investment was "the result of several months of negotiations".

"Our investment in Twitter reaffirms our ability in identifying suitable opportunities to invest in promising, high-growth businesses with a global impact," Alwaleed said in the statement.

Alwaleed, a nephew of the Saudi king and who has several high profile investments in western companies including Citigroup and News Corp, recently announced plans to launch a news channel.
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