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Prince Alwaleed bin Talal said in a tweet on his official Twitter account: "I don’t think his offer Elon Musk Fits the intrinsic value of Twitter, given its growth prospects".
He added: "As one of the largest long-time contributors to Twitter, Kingdom Holding Company, I decline this offer".
Came the presentation of the American billionaire and CEO TeslaElon Musk, buys Twitter, just days after announcing his refusal to continue as a member of Twitter’s board of directors.
And Twitter reported today, Thursday, that Musk, who currently owns about 9 percent of its shares, making him the largest shareholder in the company, submitted a letter to the company yesterday, Wednesday, containing a proposal to buy the remaining shares in Twitter, which he does not own. Musk offered $54.20 per share, in a bid worth more than $43 billion.
This price was described as "His best and last show".
And he said: "I invested in Twitter because I believe it can be a platform for freedom of expression around the world, and I believe that freedom of expression is a societal necessity for an effective democracy, however I now realize that the company will not thrive and will not serve that societal necessity in its current form, it needs to transform into a private company".
Twitter shares rose to $47.83, an increase of 4.3 percent, but well below Musk’s offer price, in a sign that some investors may be skeptical about completing the deal.
and still arrow down from a 52-week high of about $73.
Twitter said it had received Musk’s offer and would decide whether it was in the interests of shareholders to accept it or continue to operate as a publicly traded company.
In this context, analyst Daniel Ives of "ويدبوش"in a note to a customer that he believes that "This TV drama will end with Mask owning Twitter after this aggressive takeover of the company".
Ives also believes it will be difficult for any other bidder or consortium to come forward, adding that Twitter’s board will likely have to accept an offer. mask Or start a sale to the company.
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Prince Alwaleed bin Talal, in a tweet on his official account on Twitter, said: “I do not think that the offer he made Elon Musk Fits Twitter’s intrinsic value, given its growth prospects.”
“As one of the largest long-time shareholders of Twitter, Kingdom Holding Company, I decline this offer,” he added.
Came the presentation of the American billionaire and CEO TeslaElon Musk, buys Twitter, just days after announcing his refusal to continue as a member of Twitter’s board of directors.
And Twitter reported today, Thursday, that Musk, who currently owns about 9 percent of its shares, making him the largest shareholder in the company, submitted a letter to the company yesterday, Wednesday, containing a proposal to buy the remaining shares in Twitter, which he does not own. Musk offered $54.20 per share, in a bid worth more than $43 billion.
He described this price as his “best and last offer”.
He said: “I invested in Twitter because I believe in the potential to be a platform for freedom of expression around the world, and I believe that freedom of expression is a societal necessity for an effective democracy. Private company”.
Twitter shares rose to $47.83, an increase of 4.3 percent, but well below Musk’s offer price, in a sign that some investors may be skeptical about completing the deal.
and still arrow down from a 52-week high of about $73.
Twitter said it had received Musk’s offer and would decide whether it was in the interests of shareholders to accept it or continue to operate as a publicly traded company.
In a note to a client, Wedbush analyst Daniel Ives said he believes “this TV drama will end with Musk owning Twitter after this aggressive takeover of the company.”
Ives also believes it will be difficult for any other bidder or consortium to come forward, adding that Twitter’s board will likely have to accept an offer. mask Or start a sale to the company.