Prince Alwaleed says Musk will be ‘excellent’ for Twitter
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Prince Alwaleed says Musk will be ‘excellent’ for Twitter

Prince Alwaleed says Musk will be ‘excellent’ for Twitter

Prince Alwaleed, chairman of the board at Kingdom Holding Company, has now agreed to roll over his current investment

Prince Alwaleed

Saudi Arabia’s Prince Alwaleed bin Talal gave a strong endorsement for Elon Musk’s bid for Twitter after last month questioning the Tesla billionaire’s proposed takeover.

“I believe you will be an excellent leader for @Twitter to propel & maximise its great potential,” Prince Alwaleed tweeted. “@Kingdom_KHC & I look forward to roll our ~$1.9bn in the “new” @Twitter and join you on this exciting journey”.

The prince, one of the richest individuals in Saudi Arabia, last month said Musk’s bid to acquire Twitter for $54.20 per share doesn’t “come close to the intrinsic value” of the popular social media platform.

Read: Key Twitter investor Prince Alwaleed rejects Elon Musk’s bid

Alwaleed, chairman of the board at Kingdom Holding Co. and one of Twitter’s largest backers, has now agreed to roll over his current investment.

Read: Tesla CEO Elon Musk acquires Twitter for $44bn

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