Saudi Prince Pumps $300 Million Into Twitter

twitterIn an unexpected move, a member of the Saudi royal family has invested $300 million in social networking company Twitter.

This morning, Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, founder and CEO of Kingdom Holding Company and one of the wealthiest people on the planet, announced the investment, which was reported first by Bloomberg.

In a statement, Twitter’s newest equity holder says that the investment was the result of “several months of negotiations and comprehensive due diligence”.