Former Microsoft Corp Chief Executive Steve Ballmer has taken a 4 percent stake in Twitter Inc , according to his spokesman, making him the third-biggest individual shareholder in the social media company. Ballmer's stake is worth more than $800 million based on Twitter's $21 billion market value
Read moreDUBAI (Reuters) – Saudi Arabia's Kingdom Holding has paid $50 million to double its stake in microblogging site Twitter Inc, the Riyadh-based company said on Wednesday. Kingdom Holding, the investment firm owned by billionaire Prince Alwaleed bin Talal, now owns 0.72 percent of Twitter, having originally invested $50 million in the tech company in 2011
Read moreSaudi Arabia's Prince Alwaleed bin Talal, one of Twitter's earlier investors, told Reuters he believed Jack Dorsey would bring continuity to the social messaging firm and he would back him if he wished to become chief executive permanently. Dorsey, a co-founder of Twitter, was named interim head last Thursday after Chief Executive Dick Costolo abruptly announced he was stepping down effective July 1. In a written statement to Reuters, Alwaleed said he “knew Dorsey well and that as one of the founders who knows the company very well he would bring the needed continuity” while the company searched for a new chief executive
Read moreSaudi Arabia's Kingdom Holding, the investment firm owned by billionaire Prince Alwaleed bin Talal, has no plans to invest in Snapchat, a source familiar with the matter told Reuters on Thursday. The meeting, in which Snapchat Chief Executive Evan Spiegel and chief strategy officer Imran Khan were present, triggered speculation that Alwaleed may take part in Snapchat's new funding round that has already seen Alibaba Group Holding invest $200 million — giving the Los Angeles-based firm a valuation of around $15 billion.
Read moreSenior management of Snapchat held talks with Saudi Arabia's Prince Alwaleed bin Talal on potential cooperation, the prince's investment company said in a statement on Sunday. The meeting, which included the mobile messaging company's Chief Executive Evan Spiegel and Chief Strategy Officer Imran Khan, comes as Snapchat embarks on a new funding round that values the business at up to $19 billion
Read more(Reuters) – Amazon.com Inc has opened an online store on Alibaba Group Holding Ltd's fast-growing online marketplace, Tmall.com as it seeks to expand in China, an Alibaba spokesman said. Alibaba's Tmall offers virtual storefronts and payment portals to merchants
Read moreIndia has asked YouTube to remove all links to a controversial documentary about the gang rape and murder of a woman in Delhi after banning its broadcast, a government official told Reuters on Thursday. Leslee Udwin's “India's Daughter” features an interview with Mukesh Singh, one of four men sentenced to death for the rape and torture of a 23-year-old woman on a moving bus in December 2012. “We just forwarded the court order and asked them (YouTube) to comply,” an official at the Ministry of Communications and Information Technology told Reuters
Read moreBritain's security agencies should look to recruit more middle-aged women and mothers to be new spies and should target websites popular with parents to find them, an influential committee of lawmakers said on Thursday. The Intelligence and Security Committee, which oversees the work of Britain's three spy agencies, said it was crucial there was more diversity if the security services were to be able to address the threats facing the country.
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