Home Uncategorized Key Twitter investor Prince Alwaleed rejects Elon Musk’s bid Twitter’s shares fluctuated on Thursday as investors weighed news of the offer by Bloomberg April 15, 2022 Saudi Arabia’s Prince Alwaleed bin Talal rejected Elon Musk’s bid to acquire Twitter for $54.20 per share, saying the deal doesn’t “come close to the intrinsic value” of the popular social media platform. 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.https://t.co/Jty05oJUTk pic.twitter.com/XpNHUAL6UX — الوليد بن طلال (@Alwaleed_Talal) April 14, 2022 Alwaleed is worth $16.5bn, according to the Bloomberg Billionaires Index. Most of his wealth is derived from his 95 per cent ownership of Kingdom Holding Company. Twitter’s shares fluctuated on Thursday as investors weighed news of the offer. The stock was up 2.1 per cent at 1.25pm in New York. Tags Elon Musk Kingdom Holding Company Twitter 0 Comments You might also like Tesla shares tank on back of dismal results Elon Musk’s xAI valued at $24bn after funding from Andreessen Horowitz, Sequoia Capital Tesla starts laying off employees at Nevada plant Tesla’s bet on robotaxis is a long way from paying off: Insight