Prince Alwaleed & Kingdom Holding Co. Make a $300 Million
Investment in Twitter
HRH Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, and
Kingdom Holding Company (KHC), announced today, Monday,
December 19th 2011, a combined investment of $300 Million in
Twitter. This investment was the result of several months of
negotiations and comprehensive due diligence and represent a
strategic stake in Twitter.
Prince Alwaleed commented: "Our investment in Twitter
reaffirms our ability in identifying suitable opportunities
to invest in promising, high-growth businesses with a global
Eng. Ahmed Halawani, KHC Executive Director of Private Equity
and International Investments commented: "We believe that
social media will fundamentally change the media industry
landscape in the coming years.Twitter will capture and
monetize this positive trend."
Twitter is a communication platform that instantly connects
people everywhere to what`s most meaningful to them. At the
heart of Twitter are small bursts of information called
Tweets, which are 140 characters or less in length. With 250
million Tweets per day and more than 100 million active
users, there is something for everyone on Twitter, no matter
what you`re interested in or where you are in the world.
Twitter can be accessed on the web, on smartphones and on the
simplest of feature phones.
Prince Alwaleed has a strong presence and influence in media
through his investments in media and entertainment in the
Arab world, and beyond like the Saudi Research and Marketing
Group (SRMG), in which Kingdom Holding holds a 29.9% stake.
The publications that fall under SRMG include Asharq Al
Awsat, Al Eqtisadiah, Arab News, Hia magazine, Al Majalla
magazine, Arrajol magazine and Sayidati magazine.
Furthermore, other entities that fall under SRMG are Al
Khaleejiya for Publicity Advertising and Public Relations and
Al Madina Printing and Publishing Company. Furthermore, KHC
is owner of approximately 7 percent of News Corporation's
Class B Common Stock.
In February 2010, Rotana Group announced that Newscorp has
reached an agreement to buy a 9.09 percent stake in Rotana
Group, to further develop its postion in the media sector in
the Middle East and expand it horizon. Under the terms of the
agreement, News Corporation will acquire newly-issued shares
in Rotana for $70 million. News Corp. has an option to
increase its stake to 18.18 percent in the 18 months
In addition, HRH Prince alwaleed recently announced his plans
to launch his privately owned Alarab news channel, the news
channel will be managed by Mr. Jamal Khashoggi.
Ce noodl a été diffusé par Kingdom Holding Company et initialement mise en ligne sur le site http://www.kingdom.com.sa. La version originale est disponible ici.
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