With Twitter, Walid Adds a New Brand to His Portfolio

By buying a $300 million stake in Twitter, is Prince Walid bin Talal anointing the social media network as another established brand name?

The Saudi prince has a history of taking big stakes in well-known companies, including names like Citigroup and General Motors. He is one of the biggest shareholders in News Corporation outside of the media empire’s ruling Murdoch clan, holding 7 percent of the company’s B-shares, worth about $990 million.

Prince Walid owns about 0.75 percent of Citigroup and nearly 1 percent of G.M., according to data from Bloomberg. He also owns a stake in Apple that he purchased in 1995, before the return of Steven P. Jobs.

Read Full Article from New York Times

- Posted: 2011-12-19 09:33:17

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