Saudi Prince Alwaleed bin Talal, an investor in some of the world's largest companies, said Monday that disbursed $ 300 million to buy a stake in the firm of Twitter microblogs, which continues to strengthen its position in global media industry.
Alwaleed, a nephew of Saudi King a personal fortune estimated by Forbes magazine in March at just under 20,000 million, and owns a 7 percent at News Corp and plans to launch a cable news channel.
Participation in Twitter, purchased jointly by Alwaleed and his investment firm Kingdom Holding, was the result of "months of negotiations," said Kingdom.
Applying a valuation figure of 8,000 Twitter billion, to ome used by analysts, investment Alwaleed and Kingdom is a participation of 3.75 percent on Twitter.
Twitter, which allows users to send 140-character messages to groups of "followers" is one of the services most popular social network, along with Facebook and Zynga.
It now has more than 100 million active users who connect to the service at least once a month.
