Saudi Prince Sinks $300M Into Twitter

Law360, New York (December 19, 2011, 5:05 PM EST) -- Saudi billionaire Prince Alwaleed Bin Talal and his private investment firm Kingdom Holding Co. have committed $300 million to social media giant Twitter Inc., giving the royal Saudi partnership a “strategic” stake in the company, Kingdom Holding announced Monday.

Kingdom Holding said the investment will add a valuable asset to its international media and entertainment portfolio, which includes sizable stakes in media conglomerates such as Time Warner Cable Inc. and tech companies like Apple Inc.

“We believe that social media will fundamentally change the media industry...
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