Prince Alwaleed bin Talal announces his position on Twitter after communicating with Musk

The head of the Kingdom Holding Company, Prince Alwaleed bin Talal, expressed his confidence in pushing and maximizing the great potential of Elon Musk’s Twitter, referring to communicating with him and describing him as a “new friend”.

Prince Alwaleed stated in a tweet on his Twitter account that will keep his $ 1.9 billion stake in Twitter and will join the “exciting” journey of Twitter.

The head of the Kingdom Holding Company, Prince Alwaleed bin Talal, considering his company one of the largest owners of Twitter, had turned down Elon Musk’s offer, and in a previous tweet on his Twitter account had stated that the offer was not close to the intrinsic value of the Twitter platform.

Musk responded to the tweet by asking Alwaleed bin Talal the extent of his direct and indirect ownership.

Bloomberg said its data revealed that Alwaleed and his company owned 5.1% of Twitter in 2015, while ownership is currently estimated at 4.4%.

Elon Musk, the richest man in the world, reached an agreement on April 25 to acquire Twitter, using a funding scheme that has alarmed some Tesla investors. in a deal worth nearly $ 44 billion.

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