Tesla CEO ELON MUSK has bought 9.2 percent stake of Twitter at the beginning of this month and now he wants the twitter completely in his control and for that he has offered to buy entire share of Twitter. Since then, Twitter and Tesla CEO are in constant discussion, but Musk has got the first blow on this matter.
Prince Al Waleed Bin Talal of Saudi Arabia has rejected the offer of Musk on Thursday. Musk has put the company value about $ 43 billion (about 3,509 billion rupees).
Saudi Prince rejected Elon Musk’s offer?
Al Waleed Bin Talal is one of Twitter chief shareholders and he has rejected the offer to buy Twitter of Elon Musk. Prince has given this information on Twitter.
He said, “I don’t believe that the proposed offer by @elonmusk ($54.20) comes close to the intrinsic value of @Twitter given its growth prospects. Being one of the largest & long-term shareholders of Twitter, @Kingdom_KHC & I reject this offer.”
Elon Musk is the biggest shareholder of Twitter at this time. He has bought approximately 9.2 percent stake in the company at the beginning of this month. For the last few days, he was questioning the constant social media platform about Twitter.
After this, people were speculating that he could launch a new social media platform. However, the news of buying Twitter stake of Elon Musk in SEC was surprised.
After becoming the largest stakeholder, the company offers Elon Mask to join the board, but he refused it. However, now he wants to buy Twitter.
Tesla CEO believes that Twitter has the ability to become a free speech global platform. If Elon Musk, who is quite active on Twitter, buys Twitter, we could see many major changes in it.