Key Twitter Investor Prince Alwaleed Rejects Elon Musk’s Bid for his holdings in Twitter

[EvilEyeFleegle]

So this guy, an Arab Prince, won't let Musk buy him out and take Twitter private--probably a good thing.

Saudi Arabia’s Prince Alwaleed bin Talal rejected Elon Musk’s bid to acquire Twitter Inc. for $54.20 per share, saying the deal doesn’t “come close to the intrinsic value” of the popular social media platform.

© Bloomberg Prince Alwaleed Bin Talal, Saudi billionaire and founder of Kingdom Holding Co., poses for a photograph in the penthouse office of Kingdom Holding Co., following his release from 83 days of detention in the Ritz-Carlton hotel in Riyadh, Saudi Arabia, on Sunday, March 18, 2018. Alwaleed was the most prominent among hundreds of Saudi businessmen, government officials and princes who were swept up in November in what the government called a crackdown on corruption.

• Elon Musk Makes $43 Billion Unsolicited Bid to Take Twitter Private

A 2015 regulatory filing showed that Alwaleed, along with his Kingdom Holding Company, owned a 5.2% stake in the social media platform. That position is now about 4.4% of Twitter, according to the Bloomberg Billionaires Index.
Alwaleed is the richest individual in Saudia Arabia, with a $16.5 billion fortune, the Bloomberg Billionaires Index shows. Most of his wealth is derived from his 95% ownership of Kingdom Holding Company.
It’s been a tumultuous few years for the prince, who was detained at the Ritz-Carlton hotel in Riyadh for nearly three months in late 2017 along with other Saudi princes in an anti-corruption sweep started by the de facto Saudi ruler and Crown Prince Mohammed Bin Salman, which was largely seen as a move to consolidate power.

Twitter’s shares fluctuated on Thursday as investors weighed news of the offer. The stock was down 2% to $44.93 at 2:59 p.m. in New York.

 

[Concerned American]

So this guy, an Arab Prince, won't let Musk buy him out and take Twitter private--probably a good thing.

Saudi Arabia’s Prince Alwaleed bin Talal rejected Elon Musk’s bid to acquire Twitter Inc. for $54.20 per share, saying the deal doesn’t “come close to the intrinsic value” of the popular social media platform.

© Bloomberg Prince Alwaleed Bin Talal, Saudi billionaire and founder of Kingdom Holding Co., poses for a photograph in the penthouse office of Kingdom Holding Co., following his release from 83 days of detention in the Ritz-Carlton hotel in Riyadh, Saudi Arabia, on Sunday, March 18, 2018. Alwaleed was the most prominent among hundreds of Saudi businessmen, government officials and princes who were swept up in November in what the government called a crackdown on corruption.

• Elon Musk Makes $43 Billion Unsolicited Bid to Take Twitter Private

A 2015 regulatory filing showed that Alwaleed, along with his Kingdom Holding Company, owned a 5.2% stake in the social media platform. That position is now about 4.4% of Twitter, according to the Bloomberg Billionaires Index.
Alwaleed is the richest individual in Saudia Arabia, with a $16.5 billion fortune, the Bloomberg Billionaires Index shows. Most of his wealth is derived from his 95% ownership of Kingdom Holding Company.
It’s been a tumultuous few years for the prince, who was detained at the Ritz-Carlton hotel in Riyadh for nearly three months in late 2017 along with other Saudi princes in an anti-corruption sweep started by the de facto Saudi ruler and Crown Prince Mohammed Bin Salman, which was largely seen as a move to consolidate power.

Twitter’s shares fluctuated on Thursday as investors weighed news of the offer. The stock was down 2% to $44.93 at 2:59 p.m. in New York.

Meh, there is still 86% more stock available that he and Musk don't already own.

 

[StashMan]

Elon Musk is one smart cookie and I would bet he has a plan B just in case something like this happened. I guess we'll see.

 

[Death-Ninja]

The prince is about to be schooled on why its called a "hostile takeover!"

 

[MarathonMike]

So this guy, an Arab Prince, won't let Musk buy him out and take Twitter private--probably a good thing.

Saudi Arabia’s Prince Alwaleed bin Talal rejected Elon Musk’s bid to acquire Twitter Inc. for $54.20 per share, saying the deal doesn’t “come close to the intrinsic value” of the popular social media platform.

© Bloomberg Prince Alwaleed Bin Talal, Saudi billionaire and founder of Kingdom Holding Co., poses for a photograph in the penthouse office of Kingdom Holding Co., following his release from 83 days of detention in the Ritz-Carlton hotel in Riyadh, Saudi Arabia, on Sunday, March 18, 2018. Alwaleed was the most prominent among hundreds of Saudi businessmen, government officials and princes who were swept up in November in what the government called a crackdown on corruption.

• Elon Musk Makes $43 Billion Unsolicited Bid to Take Twitter Private

A 2015 regulatory filing showed that Alwaleed, along with his Kingdom Holding Company, owned a 5.2% stake in the social media platform. That position is now about 4.4% of Twitter, according to the Bloomberg Billionaires Index.
Alwaleed is the richest individual in Saudia Arabia, with a $16.5 billion fortune, the Bloomberg Billionaires Index shows. Most of his wealth is derived from his 95% ownership of Kingdom Holding Company.
It’s been a tumultuous few years for the prince, who was detained at the Ritz-Carlton hotel in RNic

That's perfect, the Leftist prefers a shady Saudi billionaire to Elon Musk who vows to make Twitter a true free speech platform. That says it all.

 

[EvilEyeFleegle]

Meh, there is still 86% more stock available that he and Musk don't already own.

The point is...that Musk wishes to take Twitte private..if he gets enough on board...he can force a vote..and and ram a buy out down the throats of most of the stockholders.
Enough would not have to be a majority..just enough to force the vote...and gamble that a majority of stockholders would like a big payday. If he gets 51% in the buy out..he can then go private.

 

[toobfreak]

So this guy, an Arab Prince, won't let Musk buy him out and take Twitter private--probably a good thing.

A "good thing?" You think it a good thing that America's chief social media platform be left in control of a foreigner without America's best interests at heart so that Musk can be stopped from restoring free speech on it again?

My, you ARE the little unabashed communist pinko, aren't you?

 

[EvilEyeFleegle]

That's perfect, the Leftist prefers a shady Saudi billionaire to Elon Musk who vows to make Twitter a true free speech platform. That says it all.

You are one stupid douche--that says it all as well~

You want to give someone who hates your kind with a passion---the largest platform in the world.

Hmmm....I stand corrected..Go Elon!

 

[marvin martian]

That's perfect, the Leftist prefers a shady Saudi billionaire to Elon Musk who vows to make Twitter a true free speech platform. That says it all.

Exactly. There's no dick too repulsive for the left to suck if it means keeping speech under leftist control.

 

[EvilEyeFleegle]

A "good thing?" You think it a good thing that America's chief social media platform be left in control of a foreigner without America's best interests at heart so that Musk can be stopped from restoring free speech on it again?

My, you ARE the little unabashed communist pinko, aren't you?

Another douche heard from....do you really think this Arab dude 'controls' Twitter?

BTW..if you think Musk is on YOUR side of the culture wars...you're a bigger fool than I thought..and that's saying something!

 

[EvilEyeFleegle]

Exactly. There's no dick too repulsive for the left to suck if it means keeping speech under leftist control.

Says the dude slobbin' on Musk's knob....not knowing that Musk despises him and his ilk. But do keep telling yourself that Musk is your friend..it amuses~

 

[marvin martian]

Says the dude slobbin' on Musk's knob....not knowing that Musk despise him and his ink. But do keep telling yourself that Musk is your friend..it amuses~

Why is Putin still allowed on Twitter?

 

[toobfreak]

Another douche heard from....

Hey, when all we got is you for an OP, a douchebag is the sensible thing.

 

[Concerned American]

and gamble

With Musk's money, it would not be a gamble. The prince owns 4%, Musk owns 9.2%--there is a long way between that and controlling interest.

 

[EvilEyeFleegle]

Why is Putin still allowed on Twitter?

Probably owns a lost of stock...and controls more...just a guess. The Oligarchs would never miss a bet like that.

 

[The Sage of Main Street]

So this guy, an Arab Prince, won't let Musk buy him out and take Twitter private--probably a good thing.

Saudi Arabia’s Prince Alwaleed bin Talal rejected Elon Musk’s bid to acquire Twitter Inc. for $54.20 per share, saying the deal doesn’t “come close to the intrinsic value” of the popular social media platform.

© Bloomberg Prince Alwaleed Bin Talal, Saudi billionaire and founder of Kingdom Holding Co., poses for a photograph in the penthouse office of Kingdom Holding Co., following his release from 83 days of detention in the Ritz-Carlton hotel in Riyadh, Saudi Arabia, on Sunday, March 18, 2018. Alwaleed was the most prominent among hundreds of Saudi businessmen, government officials and princes who were swept up in November in what the government called a crackdown on corruption.

• Elon Musk Makes $43 Billion Unsolicited Bid to Take Twitter Private

A 2015 regulatory filing showed that Alwaleed, along with his Kingdom Holding Company, owned a 5.2% stake in the social media platform. That position is now about 4.4% of Twitter, according to the Bloomberg Billionaires Index.
Alwaleed is the richest individual in Saudia Arabia, with a $16.5 billion fortune, the Bloomberg Billionaires Index shows. Most of his wealth is derived from his 95% ownership of Kingdom Holding Company.
It’s been a tumultuous few years for the prince, who was detained at the Ritz-Carlton hotel in Riyadh for nearly three months in late 2017 along with other Saudi princes in an anti-corruption sweep started by the de facto Saudi ruler and Crown Prince Mohammed Bin Salman, which was largely seen as a move to consolidate power.

Twitter’s shares fluctuated on Thursday as investors weighed news of the offer. The stock was down 2% to $44.93 at 2:59 p.m. in New York.

Alwaleed's Valuation of Twitter Stock Is the Liars' Cover Story

Any enemy of MbS is a friend of Iran. The media hate the innovative Crown Prince of Saudi Arabia, not because he executed one of their own jurinalists, but because they worship OBi Wan Kenyobi, another friend of Iran.

 

[The Sage of Main Street]

That's perfect, the Leftist prefers a shady Saudi billionaire to Elon Musk who vows to make Twitter a true free speech platform. That says it all.

Testy Tesla

I wonder if Musk, with his Ecobuggy fantasy ride, would allow any Tweet of mine which states that "pollution" has killed off all killer viruses for the last hundred years, before the Unabomber Cult's Lethal Lockdown reduced auto emissions.

 

[MarathonMike]

You are one stupid douche--that says it all as well~

You want to give someone who hates your kind with a passion---the largest platform in the world.

Hmmm....I stand corrected..Go Elon!

You obviously don't understand Musk's goal. He wants to make Twitter a true free speech platform which is exactly what I stand for as my 30,000+ USMB messages clearly reflect. Leftists like you want your globalist masters to have control of the narrative. And of course, you had to devolve to name calling, having lost the argument.

 

[HereWeGoAgain]

Another douche heard from....do you really think this Arab dude 'controls' Twitter?

BTW..if you think Musk is on YOUR side of the culture wars...you're a bigger fool than I thought..and that's saying something!

Then why are you worried about it?

 

[toobfreak]

Then why are you worried about it?

Because Fleegle is an even bigger fool than he thought everyone else was!