Monday, September 26, 2022
HomeDigit NewsTwitter's shareholder Saudi Prince turned down Elon Musk's offer, know what Musk...

Twitter’s shareholder Saudi Prince turned down Elon Musk’s offer, know what Musk said in response

Elon Musk: Tesla CEO Elon Musk has offered to buy social media platform Twitter at a price of $ 54.20 per share. But Prince Al Waleed bin Talal Al Saud of Saudi Arabia, who has invested in Twitter, has rejected Elon Musk’s offer by tweeting.

Al Waleed bin Talal has said that the offer offered to buy Elon Musk’s microblogging platform is too low. He rejected Musk’s offer in a tweet on April 15. He tweeted, “I don’t think the $54.20 billion proposed by Elon Musk is close to the intrinsic value of Twitter, given its growth prospects.” He further writes that, as one of the largest and long-term shareholders of Twitter, Kingdom Holding Company and I decline this offer.

In response, Elon Musk asked two questions to the Saudi Prince. First, what is the Kingdom’s direct and indirect stake in Twitter? And second, what are the Kingdom’s views on freedom of expression for journalism?

In fact, Saudi Arabia comes in the lowest countries in terms of press freedom. Critics often go to jail. The Kingdom was in the news in 2018 after the death of journalist Jamal Khashoggi. According to US intelligence agencies, the assassination was done on the orders of Saudi Crown Prince Mohammed bin Salman.

Earlier, Elon Musk has offered to buy Twitter for $ 41 billion. Elon Musk has offered to buy Twitter at the rate of $ 54.20 per share. Which is 38 percent more than the closing rate of Twitter’s share of April 1, 2022. Musk’s offer has been disclosed in a regulatory filing on Thursday. Earlier, he had turned down an offer to join Twitter’s board. After this offer from Elon Musk, Twitter’s stock is seeing a rise of 12% in pre-market trading.

- Advertisement -
MOBILE

Auto

Two Wheeler

BUSINESS AND FINANCE

Digit News