Via Scoop.it – internetbillboards
Looks like Twitter will have a nice christmas fund of $300 million coming into their bank from Saudi Prince Alwaleed bin Talal’s investment firm Kingdom Holding co. Prince Alwaleed’s investment portfolio includes companies like Apple, Citigroup, General Motors, News Corp and several other media entities in the middle east to just name a few of the impressive investment his firm has a stake in. Kingdom Holding co said in their press release this was a process that took several months of careful negotiations to ensure both parties were happy with the deal. What does this development mean for the future? I personally believe now the Saudi prince will have some say in the development of Twitter and also a way for him to influence Twitter’s usage in the middle east.
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