Twitter Gets $300 Million Boost From Saudi Prince

Saudi Prince Alwaleed bin Tala has made a $300 million investment in Twitter through his firm Kingdom Holding, Bloomberg is reporting.

Twitter did not immediately respond to questions about the investment, but Bloomberg said the prince's company purchased a "strategic stake" in Twitter.

Alwaleed, ranked the richest Arab businessman by Arabian Business Magazine, is a frequent tech investor. He owns stock in or has poured money into Apple, Hewlett Packard, and many others. According to CNET, he was active in the dot-com boom, investing in various Web companies such as Priceline