Princeal-WaleedbinTalal
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Saudi Arabia releases major tech investor after corruption probe
Saudi Arabia has released almost a hundred people detained on corruption allegations, and one of them is Prince Alwaleed bin Talal. The billionaire prince known as the "Arabian Warren Buffet" is one of the tech's biggest investors and known for having stakes in various tech corporations. His current and former investments include Apple, Amazon, AOL, eBay, HP, Twitter and Lyft. bin Talal was arrested in November when the government launched a massive crackdown on corruption and confined at the Ritz-Carlton in Riyadh. The other detainees were released after reaching financial settlements -- authorities expect to raise $100 billion from them -- but it's unclear if bin Talal also offered to pay.
Saudi Arabia arrests one of tech's biggest investors
Saudi Arabia is in the midst of a crackdown on alleged corruption, and its dragnet has caught one of the tech world's most important investors: the country has arrested Prince al-Waleed bin Talal over money laundering charges. He has major stakes in satellite TV providers and in recent years has been one of the largest individual investors in a number of well-known tech giants, including Apple and Lyft. The royal is particularly important to Twitter's fate. He poured $300 million into the social network in 2011, and his stake is second only to that of Twitter co-founder Ev Williams -- even CEO Jack Dorsey has a smaller financial commitment.
