Twitter gets $300m Saudi investment


Twitter gets $300m Saudi investment
Twitter has recieved investment worth $300m thanks to Saudi billionaire Prince Alwaleed bin Talal and his investment company Kingdom Holding Co. The company, which has now raised more than $700m in investment this year, has so far managed to stay away from floating publically. bin Talal, who has an estimated worth of around $19.6 billion, is no stanger to the communications game, given that he already owns a substantial stake in News Corp.

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

Twitter gets $300m Saudi investment on
About this author
Games Editor
Recent Articles by this author
5 September, 2014
inFAMOUS: Second Son became an instant favourite when it launched on PlayStation...
9 July, 2014
A game based around slinging squids across the screen may not sound all that impressive,...
1 July, 2014
After coming close to the most severe of missteps with GRID 2, Codemasters returns...
1 July, 2014
Although the runner genre is very much at home on mobile platforms thanks to its...