Saudi Arabia - In what has to be a chilling effect for any dissenters in the Saudi kingdom, Prince Alwaleed bin Tatal bought a 3.75% - or 300-million - stake in Twitter.
The social media site is one of the big players in the Arab Spring, which eventually lead to the present-day worldwide revolt against the huge concentrations of power oppressing people everywhere. Saudi Arabia is one of the few Middle Eastern countries currently unaffected not because the country treats its people well, but because they are good at crushing dissenters. Sometimes literally.
His investment firm, Kingdom Holding Company, said the investment was "the result of several months of negotiations and comprehensive due diligence. Our investment in Twitter reaffirms our ability in identifying suitable
opportunities to invest in promising, high-growth businesses with a
global impact."
Last year, Rupert Murdoch bought a 9.09% stake in Alwaleed's film, television, and music business Rotana Media Group. Over 18 months' time he will have an option to increase it to approximately 18%.
Prince Tatal is also the second-largest investor in NewsCorp, which runs Fox News.
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