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Twitter sells $300m “strategic stake” to Saudi prince

Twitter sells $300m “strategic stake” to Saudi prince Created by MG1 on Dec 19, 2011

Twitter has secured $300m in funding from Saudi investor Prince Alwaleed bin Talal, with the well-known tech backer – who counts Apple shares among other firms in his portfolio – grabbing a “strategic stake” in the microblogging platform. “Several months of negotiations” culminated in the deal, which values Twitter at around $8bn overall Businessweek reports, and comes on the heels of a comprehensive redesign unveiled last week. »read more

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