Wednesday, April 20, 2022

ON TWITTER: Saudi Prince Rejects Elon Musk Offer To Buy Twitter, Ignores Investors' Interests; Musk Grills Him

Source: Daily Wire

Published: Apr 14, 2022

By: Ryan Saavedra

Billionaire Saudi Prince Alwaleed bin Talal Al Saud said on Thursday that he would vote to reject Elon Musk’s offer to buy the company, which then triggered a fiery response from Musk.

“I don’t believe that the proposed offer by @elonmusk ($54.20) comes close to the intrinsic value of @Twitter given its growth prospects,” the Saudi prince tweeted. “Being one of the largest & long-term shareholders of Twitter, @Kingdom_KHC & I reject this offer.”


Musk responded to the tweet from the Saudi prince after he finished giving a TED Talk interview where he revealed that there was a “plan B” in place if Twitter rejected his offer to buy the company.

“Interesting. Just two questions, if I may,” Musk responded. “How much of Twitter does the Kingdom own, directly & indirectly? What are the Kingdom’s views on journalistic freedom of speech?”

Musk’s tweet appears to take a shot at the Kingdom after U.S. intelligence stated in a report last year that Crown Prince Mohammed bin Salman approved the assassination of Washington Post columnist Jamal Khashoggi.

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