Breaking News

Micron Unveils Portfolio of Industry-First SSDs to Power the AI Revolution PlayStation announces FlexStrike wireless fight stick PlayStation Plus Monthly Games for August 2025 Creative Unveils Stage Pro Compact Soundbar Razer Launches BlackShark V3 Pro

logo

  • Share Us
    • Facebook
    • Twitter
  • Home
  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map

Search form

Saudi Prince Alwaleed Makes a $300 Million Investment in Twitter

Saudi Prince Alwaleed Makes a $300 Million Investment in Twitter

Enterprise & IT Dec 19,2011 0

Saudi billionaire Prince Alwaleed bin Talal on Monday unveiled a $300 million stake purchase in Twitter, gaining another foothold in the global media industry. The investment, made by by Alwaleed and his Kingdom Holding Co investment firm, resulted from "several months of negotiations and comprehensive due diligence," Kingdom said in a statement.

"Our investment in Twitter reaffirms our ability in identifying suitable opportunities to invest in promising, high-growth businesses with a global impact," Prince Alwaleed commented.

"We believe that social media will fundamentally change the media industry landscape in the coming years.Twitter will capture and monetize this positive trend," said Eng. Ahmed Halawani, KHC Executive Director of Private Equity and International Investments.

Applying an $8 billion valuation figure for Twitter used by some analysts, the investment by Alwaleed and Kingdom amounts to a 3.75-percent stake.

Twitter is a communication platform that instantly connects people everywhere to what's most meaningful to them. At the heart of Twitter are small bursts of information called Tweets, which are 140 characters or less in length.

Twitter has 250 million Tweets per day and more than 100 million active users, accessing the service from the web, smartphones or simple phones.

Facebook, the world's largest social network has more than 750 million active users.

Prince Alwaleed has a strong presence and influence in media through his investments in media and entertainment in the Arab world, and beyond like the Saudi Research and Marketing Group (SRMG), in which Kingdom Holding holds a 29.9% stake. The publications that fall under SRMG include Asharq Al Awsat, Al Eqtisadiah, Arab News, Hia magazine, Al Majalla magazine, Arrajol magazine and Sayidati magazine. Furthermore, other entities that fall under SRMG are Al Khaleejiya for Publicity Advertising and Public Relations and Al Madina Printing and Publishing Company. Furthermore, KHC is owner of approximately 7 percent of News Corporation?s Class B Common Stock.

In February 2010, Rotana Group announced that Newscorp has reached an agreement to buy a 9.09 percent stake in Rotana Group, to further develop its postion in the media sector in the Middle East and expand it horizon. Under the terms of the agreement, News Corporation will acquire newly-issued shares in Rotana for $70 million. News Corp. has an option to increase its stake to 18.18 percent in the 18 months following completion.

Tags: Twitter
Previous Post
MIT Launches Online Learning Initiative
Next Post
SRS TruSpeed Allows Users To Change Speed of Recorded Content While Maintaining Original Pitch and Tone

Related Posts

  • Elon Musk to Acquire Twitter

  • Twitter Marks President Trump's Tweet With Tag Warning About "Violence"

  • Twitter's New Settings Let You Choose Who Can Reply to Your Tweet

  • Twitter to Let Employees Work From Home For Ever

  • Twitter Launches Labels to Warn On Misleading COVID-19 Information

  • Twitter to Start Warning Users That Post Offensive Replies

  • Twitter Reports Small Revenue As Advertising Business Hit By Covid-19

  • Twitter to Make Data Available COVID-19 Tweets to Researchers

Latest News

Micron Unveils Portfolio of Industry-First SSDs to Power the AI Revolution
Enterprise & IT

Micron Unveils Portfolio of Industry-First SSDs to Power the AI Revolution

PlayStation announces FlexStrike wireless fight stick
Gaming

PlayStation announces FlexStrike wireless fight stick

PlayStation Plus Monthly Games for August 2025
Gaming

PlayStation Plus Monthly Games for August 2025

Creative Unveils Stage Pro Compact Soundbar
Consumer Electronics

Creative Unveils Stage Pro Compact Soundbar

Razer Launches BlackShark V3 Pro
Consumer Electronics

Razer Launches BlackShark V3 Pro

Popular Reviews

be quiet! Light Loop 360mm

be quiet! Light Loop 360mm

be quiet! Dark Mount Keyboard

be quiet! Dark Mount Keyboard

be quiet! Light Mount Keyboard

be quiet! Light Mount Keyboard

Noctua NH-D15 G2

Noctua NH-D15 G2

Soundpeats Pop Clip

Soundpeats Pop Clip

be quiet! Light Base 600 LX

be quiet! Light Base 600 LX

be quiet! Pure Base 501

be quiet! Pure Base 501

Terramaster F8-SSD

Terramaster F8-SSD

Main menu

  • Home
  • News
  • Reviews
  • Essays
  • Forum
  • Legacy
  • About
    • Submit News

    • Contact Us
    • Privacy

    • Promotion
    • Advertise

    • RSS Feed
    • Site Map
  • About
  • Privacy
  • Contact Us
  • Promotional Opportunities @ CdrInfo.com
  • Advertise on out site
  • Submit your News to our site
  • RSS Feed