Billionaire Saudi Prince Alwaleed bin Talal is reportedly looking into getting his hands on hundreds of millions of dollars worth of stock in Twitter.
Prince Alwaleed’s Kingdom Holding is examining taking a $200-$300 million stake in San Francisco-based company’s co-founders that would equate to a stake of about 3%.
Prince Alwaleed is ranked by Forbes as the 26th richest person in the world with about $19.6 billion in assets. He already holds a 7% stake in FOX Business and Sky News parent News Corp, which is run by Rupert Murdoch.
Source: foxbusiness.com
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October 21, 2011Haute Event: The Hamptons International Film Festival
