Saudi Prince Alwaleed bin Talal and his Kingdom Holding Co. have announced the purchase of a $300 million stake in microblogging company Twitter. The investment “reaffirms our ability to identify opportunities to invest in promising, high-growth businesses,” Prince Alwaleed said in a statement on Monday. The prince, rated by Arabian Business magazine as the Arab world’s richest man, recently said he intended to launch his privately owned Alarab news channel.
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