Allah is great! Saudi prince invests in Twitter

Prince Alwaleed bin Talal invested $300 million in Twitter.

Prince Alwaleed bin Talal, a nephew of King Abdullah of Saudi Arabia is forking out $300 million dollarsthat’s $300 followed by six zeros – investing it in Twitter.

According to Reuters:

The Twitter stake, bought jointly by Alwaleed and his Kingdom Holding Co investment firm, resulted from “months of negotiations,” Kingdom said.

The investment was a secondary market transaction, meaning that Alwaleed and Kingdom Holding bought the Twitter shares from existing shareholders, rather than making a direct investment, according to a person familiar with the matter.

Meanwhile, Prince Alwaleed bin Talal is being accused in Spain of raping a model in 2008 and he’s currently one step away from investigation.

 

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