Saudi tycoon Prince Alwaleed bin Talal and his Kingdom Holding Company have increased their stake in Twitter Inc to become the firm?s second-largest shareholder.
They raised their holdings over the past six weeks to 34,948,975 shares, more than five percent of Twitter?s common stock, Alwaleed and Kingdom Holding, which he chairs, said in a joint statement.
?This combined investment makes Prince Alwaleed and KHC the second largest shareholders in Twitter,? it said.
As well as media stakes, Kingdom Holding?s diversified interests range from the Euro Disney theme park to Four Seasons hotels and Citigroup, Agence France-Presse reported.
Prince increases Twitter stake
