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Twitter gets $300m Saudi cash injection
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<blockquote data-quote="Banks PLK" data-source="post: 11666563" data-attributes="member: 279320"><p>Saudi billionaire Prince Alwaleed bin Talal's Kingdom Holding Company has announced a $300m (£194m) investment in social media site Twitter.</p><p> The investment follows "several months of negotiations", <a href="http://www.kingdom.com.sa/en/MC_PR_NewsDetails.asp?p=3&ID=904" target="_blank">a company statement to the Saudi stock exchange said.</a></p><p> </p><p></p><p>The prince, who is one of the world's richest men, owns stakes in many well-known companies, including News Corporation.</p><p> He also has investments in a number of media groups in the Arab world.</p><p> "Our investment in Twitter reaffirms our ability in identifying suitable opportunities to invest in promising, high-growth businesses with a global impact," Prince Alwaleed said.</p><p></p><p></p><p><img src="http://i142.photobucket.com/albums/r91/ranald50/z_p01-president.jpg" alt="" class="fr-fic fr-dii fr-draggable " style="" /></p></blockquote><p></p>
[QUOTE="Banks PLK, post: 11666563, member: 279320"] Saudi billionaire Prince Alwaleed bin Talal's Kingdom Holding Company has announced a $300m (£194m) investment in social media site Twitter. The investment follows "several months of negotiations", [URL="http://www.kingdom.com.sa/en/MC_PR_NewsDetails.asp?p=3&ID=904"]a company statement to the Saudi stock exchange said.[/URL] The prince, who is one of the world's richest men, owns stakes in many well-known companies, including News Corporation. He also has investments in a number of media groups in the Arab world. "Our investment in Twitter reaffirms our ability in identifying suitable opportunities to invest in promising, high-growth businesses with a global impact," Prince Alwaleed said. [IMG]http://i142.photobucket.com/albums/r91/ranald50/z_p01-president.jpg[/IMG] [/QUOTE]
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