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World NewsPrince invests $300 million in TwitterSaudi billionaire Prince Alwaleed bin Talal and his investment company said Dec. 19 they are investing a combined $300 million (yen 23 billion) into Twitter, increasing the microblogging site's cash cushion as its user base expands. Alwaleed's joint investment with his Kingdom Holding Co. follows months of negotiations and will give them a "strategic stake" in Twitter, according to the Riyadh, Saudi Arabia-based investment firm. It wasn't clear how much of Twitter the prince will control. (AP)
Shukan ST: JANNUARY 6, 2012 (C) All rights reserved |