Saudi Prince Buys Stake In Twitter
RENEE MONTAGNE, HOST:
NPR's business news starts with a big investment in micro-blogging.
(SOUNDBITE OF MUSIC)
MONTAGNE: The Saudi Arabian prince Alwaleed bin Talal is investing $300 million in Twitter. The man Time magazine calls the Arabian Warren Buffett says he looks to invest in, quote, "promising, high-growth businesses with a global impact," like Twitter.
Prince Alwaleed has been ranked as the richest Arab. He's also the largest individual foreign investor in the U.S., and he now owns more than three percent of Twitter.
NPR transcripts are created on a rush deadline by Verb8tm, Inc., an NPR contractor, and produced using a proprietary transcription process developed with NPR. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.