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

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.

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.
© 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.

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.
Hahahaaa

Poor Prince Al-Weed!!

:laughing0301:
 
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.

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.
© 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.

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.
The trouble of the prince is he has way to much money and should give me half to clean his evil money grubbing waysor or he will never get his virgins.
 

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