Twitter Secures $300 Million Investment From Kingdom Holding, Saudi Prince Alwaleed

Dec 19, 2011


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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.

(www.twitter.com, www.kingdom.com.sa/en)