Saudi Prince buys ‘strategic stake’ in Twitter

Josh Peterson Contributor
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NEW YORK (CNNMoney) — Saudi Prince Alwaleed bin Talal said Monday that he and his investment firm, Kingdom Holding Company, are purchasing a $300 million stake in Twitter.

The billionaire prince said the investment was made after “several months of negotiations” and would represent “a strategic stake” in the microblogging service.

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Josh Peterson