Elon Musk faces off with Saudi Prince Talal over Twitter sale
2 years, 8 months ago

Elon Musk faces off with Saudi Prince Talal over Twitter sale

Al Jazeera  

The Tesla owner has questioned Saudi Arabia’s role in the tech company after the prince ‘rejects’ the proposed deal. Elon Musk has questioned Saudi Arabia’s role in Twitter Inc after Saudi Arabia’s Prince Alwaleed bin Talal tweeted his opposition to the billionaire entrepreneur’s offer to buy the social media company. The prince tweeted on Thursday from his verified account that Musk’s offer of a $43bn cash takeover of the company does not come close to the “intrinsic value” of Twitter. “Being one of the largest & long-term shareholders of Twitter, @Kingdom_KHC & I reject this offer,” the prince said, referring to the Saudi Arabia-based Kingdom Holding Company, which he owns. “Disturbing to think that a Saudi Prince and Elon Musk are basically the two people determining the future of a global communications platform,” Marc Owen Jones, an assistant professor of Middle East studies at Hamad Bin Khalifa University in Qatar, wrote on Twitter.

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