Saudi billionaire investor Prince Alwaleed bin Talal is interested in buying a stake in Twitter, according to a Sky News report. The Prince is said to be eyeing a $200 million to $300 million investment and is looking to buy shares from a Twitter cofounder. Kingdom Holding had no comment on the report; Twitter had not replied to Forbes as of press time, but is likely not to have a comment, either.
In its latest fundraising, Twitter reportedly raised $400 million over the summer at a valuation of $8 billion for the company. If Alwaleed were to purchase $250 million of shares, that would give him a 3% stake in the popular social media company. It is not clear whether Alwaleed would be buying shares from Twitter cofounders Evan Williams or Biz Stone. Sky News says Alwaleed is believed to have spoken with at least one of the cofounders about buying part of their stake. The exact ownership stake of the cofounders has not been publicly reported.
Alwaleed prefers to do most of his communicating via text message – I’ve seen him text while driving and bicycling –but his wife Princess Ameerah Al-Taweel is a fan of Twitter. She tweets regularly in English and Arabic and has more than 30,000 Twitter followers.
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