Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud of Saudi Arabia and his investment group, Kingdom Holding Co., have invested $300 million in Twitter, according to paidContent. With this latest investment, Twitter is valued at $10 billion, according to Jack Neele, a fund manager at Robeco Groep NV.
In a press release, Kingdom Holding said, "This investment was the result of several months of negotiations and comprehensive due diligence and represent a strategic stake in Twitter." Prince Alwaleed added that the investment "reaffirms [Kingdom Holding's] ability in identifying suitable opportunities to invest in promising, high-growth businesses with a global impact."
Earlier this year, Twitter received $800 million from Digital Sky Technologies (DST) Global, of Russia. Kingdom Holding has also invested in News Corp.; Time Warner, Inc.; Apple, Inc.; Motorola, Inc.; eBay, Inc.; and HP.