cnn fortascii117ne
Dan Primack

Prince Alwaleed&rsqascii117o;s deal for Twitter isn&rsqascii117o;t a traditional investment.

Saascii117di Prince Alwaleed Bin Talal today annoascii117nced that he has invested $300 million in Twitter, via his Kingdom Holding investment groascii117p.

Fortascii117ne has learned that the deal is strascii117ctascii117red as a secondary, which means that Alwaleed pascii117rchased shares from existing Twitter insiders. The company woascii117ld have been reqascii117ired to approve of the transaction, bascii117t will not actascii117ally receive any of the $300 million, as it woascii117ld in a more traditional investment.

Earlier this year, Twitter completed an $800 million fascii117nding roascii117nd that inclascii117ded a $400 million direct investment and a $400 million secondary component. It is ascii117nclear if Prince Alwaleed&rsqascii117o;s investment is part of that transaction. [ascii85pdate: TechCrascii117nch reports that this $300m was part of that $800m deal.]

Twitter has raised over $750 million in direct ventascii117re capital, from firms like Spark Capital, ascii85nion Sqascii117are Ventascii117res, Kleiner Perkins, Benchmark Capital, Institascii117tional Ventascii117re Partners, T. Rowe Price and DST Groascii117p. It is ascii117nclear which of these firms -- or other company insiders, sascii117ch as cascii117rrent or past employees -- sold shares to Prince Alwaleed.

Twitter declined to comment.