The prince of Saudi invests $300 million in Twitter

It remains unclear how much of the company Alwaleed’s Kingdom Holding has agreed to purchase, but reports say he values Twitter at roughly $10 billion. “Our investment in Twitter reaffirms our ability in identifying suitable opportunities to invest in promising, high-growth businesses with a global impact,” Alwaleed said in a press release, which described Twitter as a “communication platform that instantly connects people everywhere to what`s most meaningful to them.”

Alwaleed, who is worth around $20 billion, already holds stakes in Citigroup, General Motors, Apple and News Corp., among other companies. He is the largest individual shareholder in Citigroup and the largest shareholder in News Corp. outside the Murdoch family. Obama, Romney, Perry Take Note: Twitter Offers Political Ads By buying a $300 million stake in Twitter, is Prince Walid bin Talal anointing the social media network as another established brand name? The Saudi prince has a history of taking big stakes in well-known companies, including names like Citigroup and General Motors.

Prince Walid owns about 0.75 percent of Citigroup and nearly 1 percent of G.M., according to data from Bloomberg. Saudi Prince Invests $300 Million in Twitter.Twitter got a big check from investor Prince Alwaleed bin Talal, a member of the Saudi royal family who’s been nicknamed the “Arab Warren Buffett.” According to a Monday press release from Alwaleed’s investment company, Kingdom Holdings, the prince invested $300 million in Twitter saying that it represents a “strategic stake” in the micro-blogging company.