Dubai, United Arab Emirates: Saudi billionaire Prince Alwaleed bin Talal says he and his investment company are investing a combined $300 million into the micro-blogging site Twitter.
Alwaleed said in Monday 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 stakes in other western giants, including Apple and Rupert Murdoch's News Corporation.
Alwaleed said in Monday 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 stakes in other western giants, including Apple and Rupert Murdoch's News Corporation.
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