Yes friends,
Yahoo Finance is reporting that Saudi Prince/billionaire, Prince Alwaleed bin Talal, has injected $300 million dollars into social networking site,Twitter.
He did this via his investment company, Kingdom Holding Co. (KHC).
KHC also holds stakes in other Western giants, including Citigroup, Apple Inc. and Rupert Murdoch's News Corp.
According to the above article, Twitter was able to raise $400 million in venture capital and other funding this year and is expected to generate close to $140 million in ad revenue this year and $260 million in 2012.
Twitter, like Facebook, is still privately-owned.
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The East is where the money is people!!!... if the UK's Premier League (football/soccer) is anything to go by:
The Premier League has several Asian/Middle Eastern investors who also own major teams including Manchester City and Queens Park Rangers.
They've got the cash!
So maybe you should turn your sights eastward, if you're looking for venture capitalists and angels!
Please read article, "Saudi prince invests $300 million in Twitter", for more information about this very important investment in Twitter.
Gillian
Sources Include
1) Article, "List of English football club owners", vi.wikipedia.org, accessed December 20,2011
2) Article, "Saudi prince invests $300 million in Twitter", by Adam Schreck,Associated Press, via Yahoo Finance, December 19,2011
3) Article, "Manchester City's owner Sheikh Mansour praises Roberto Mancini", by Daniel Taylor, the Gauradian.co.uk, November 30,2011
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