Twitter Bull: Saudi Billionaire Prince Invests $300 Million

Saudi Prince Bets Big on Twitter

Saudi Prince Bets Big on Twitter

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Dec. 19 2011 12:58 PM

Twitter Bull: Saudi Billionaire Prince Invests $300 Million

Twitter is trending on news that Saudi billionaire Prince Alwaleed bin Talal reportedly invested $300 million in the microblogging website.

The prince, ranked 26th on Forbes' list of the world's richest people, has a history of investing in media and tech: His company, Kingdom Holding, owns a percentage of both Apple and Rupert Murdoch's News Corp.

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The cash infusion allows Twitter to remain autonomous, and, for now, avoid having to sell any stock through an initial public offering.