The Sun
ONE of the largest and long-term shareholders of Twitter has rejected Elon Musk’s offer to buy it.
Elon offered $43billion to buy Twitter but Prince Alwaleed bin Talal, the Saudi billionaire, doesn’t think this is enough.
Musk’s Twitter offer doesn’t seem to be enough for shareholders Credit: Twitter
He just tweeted: “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.”
It’s unclear if Musk has seen the tweet or reacted.
Musk recently bought a large amount of Twitter stock.
Musk wants to buy the social media giant for $43billion in cash, regulatory filings showed on Thursday.
More to follow…
