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Twitter gets £200 million cash boost

December 28, 2011 By: Dr Search Principal Consultant at the Search Clinic Category: Social Media, Social Networking, Technology Companies, Twitter, Uncategorized

Saudi billionaire Prince Alwaleed bin Talal’s Kingdom Holding Company has announced a £200 million investment in Twitter.Twitter gets £200 million cash boostThe investment follows “several months of negotiations”, a company statement to the Saudi stock exchange said.

The prince, who is one of the world’s richest men, owns stakes in many well-known companies, including News Corporation.

He also has investments in a number of media groups in the Arab world.

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

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