#ShariaLaw! Muslim Prince Buys $300M Share In Twitter

Saudi Prince Alwaleed bin Talal said Monday that he and his investment firm, Kingdom Holding Company, are purchasing a $300 million stake in Twitter. The billionaire prince said the...
The Saudi prince is the latest power player to bet that fast-growing Twitter will transform itself into a profitable business.
NOW THE END BEGINS SHARE:

NEW YORK (CNNMoney) — Saudi Prince Alwaleed bin Talal said Monday that he and his investment firm, Kingdom Holding Company, are purchasing a $300 million stake in Twitter.

The Saudi prince is the latest power player to bet that fast-growing Twitter will transform itself into a profitable business.

The billionaire prince said the investment was made after “several months of negotiations” and would represent “a strategic stake” in the microblogging service.

We believe that social media will fundamentally change the media industry landscape in the coming years. Twitter will capture and monetize this positive trend,” KHC executive director of private equity and international investments Ahmed Halawani said in a press release.

The prince’s Twitter shares were bought on the secondary market, according to Fortune reporter Dan Primack — which means that Twitter didn’t directly recieve any of the cash.

While it’s unclear how much control Alwaleed’s investment will provide, the prince’s investment firm looks to become long-term investors in its portfolio investments and “seeks to work closely with the management of those companies and participate in strategic decisions,” according to its site.

With a reported net worth of $21.3 billion, Prince Alwaleed has topped Arabian Business’s Arab Rich list for eight consecutive years. source – CNN Money

Now The End Begins is run by end times author and editor-in-chief Geoffrey Grider, and located in Saint Augustine, Florida. NTEB delivers aggregate breaking news of the day from a biblical perspective, as well as providing rightly divided and dispensationally correct teaching and preaching from the King James Holy Bible. NTEB has been in continuous operation since being called into service for the Lord Jesus Christ in 2009. We are the front lines of the end times.
SUBSCRIBE NOW

Join Our FREE Subscription Service!

End times Bible prophecy news happens fast, add your email now to get our latest articles sent to your inbox in real-time.

Join 15,511 other subscribers

Support Now The End Begins

We have many ways that you can financially support this end times ministry. You can send us a donation here through PayPal, or you can use the GoFundMe icon right below. You can also purchase NTEB Gospel Tracts that you see above this box.

We need and appreciate your support, thank you!