Billionaire Prince Alwaleed Rejects Elon Musk’s Twitter Bid
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Saudi Arabia’s Prince Alwaleed bin Talal rejected Elon Musk’s bid to acquire Twitter Inc. for $54.20 per share, saying the deal doesn’t “come close to the intrinsic value” of the popular social media platform.
The move prompted a rapid retort from Musk, who asked how many shares the investor held in Twitter, and what are the Kingdom’s view on freedom of speech for journalists.