Saudi Prince Alwaleed buys $300M stake in Twitter

December 19, 2011 10:28:18 AM PST
Saudi Prince Alwaleed, and his investment company Kingdom Holding have reportedly agreed to buy a $300 million stake. The company won't have voting rights or be on Twitter's board, according to a newspaper interview.

A Kingdom Holding executive says Twitter plans to go public with an initial stock offering, within two years.