Monday 30 December 2013

Twitter stake of Saudi Arabia’s Prince Alwaleed bin Talal worth more than $1bn | The National

Twitter stake of Saudi Arabia’s Prince Alwaleed bin Talal worth more than $1bn | The National:

"Saudi’s Prince Alwaleed bin Talal says the value of his stake in Twitter has quadrupled to more than US$1bn despite a 15 per cent stock slidelast week.

The micro-blogging launched its initial public offering last month, raising $1.82bn.

Prince Alwaleed’s Kingdom Holding Company (KHC) originally invested $300 million in Twitter, accounting for about 3 per cent of the company in December 2011.

When the IPO closed, the value of KHC’s shares soared to $600m."

'via Blog this'

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