Saudi prince rejects Musk's Twitter takeover

[FelineOverlord]

The prince is a shareholder.

The MAGAts are absolutely furious.

Link to tweet

[Achilleaze]

1. Do the Saudis still own a big chunk of Fox "News"?

Who is profiting from the garbage Fox sells to the MAGAts?

[FelineOverlord]

4. I don't know

There are literally THOUSANDS of Saudi princes. The royal family is gigantic.

The power, politics and possessions of the 'world's richest royals'

https://www.9news.com.au/national/saudi-arabian-royals-king-salman-mohammed-bin-salman-wealth-power-controversies/59cfe887-8556-4d07-8d22-094745cf4eb0

Inside the lavish, brutal world of Saudi Arabia’s royal family

https://nypost.com/2017/07/05/inside-the-lavish-brutal-world-of-saudi-arabias-royal-family/

[Achilleaze]

7. The Republican propaganda organ, Fox News, does have a chunk of Saudi

oil money. Helps explain why fox, inc. broadcasts so much stuff that undermines America and American democracy.

[Budi]

2. Can't buy that Saudi Love Elon!

[ToxMarz]

9. Not neccesarrily

According to the link;

"Al Waleed bin Talal took to Twitter to say that he was rejecting the entrepreneur’s cash offer for the social media platform because it was too low."

So it wasn't a principled (other than money principles) decision.

[hlthe2b]

3. ahh, the smell of ripe schadenfreude in the morning...

Smells like "VICTORY!"

With apologies to Robert Duvall.

[Celerity]

5. Al Waleed tweeted a statement with a picture of himself holding an honorary Palestinian passport,

"In response to the news of the visit to Israel: I have not and will not visit Jerusalem or pray inside it until its liberation from the Zionist enemy. And I carry an honorary Palestinian passport".

Link to tweet

[PoliticAverse]

6. Alwaleed bin Talal is the Saudi prince that own the Twitter shares. He invests for money...

and would just like to get a higher price.

From: https://nypost.com/2022/04/14/saudi-prince-alwaleed-bin-talal-rejects-elon-musks-twitter-takeover-bid/

“I don’t believe that the proposed offer by @elonmusk ($54.20) comes close to the intrinsic value of @Twitter given its growth prospects,” he tweeted on Thursday.

“Being one of the largest & long-term shareholders of Twitter, @Kingdom_KHC & I reject this offer.”

The Saudi royal chairs the Kingdom Holding Company, the Riyadh-based conglomerate that first purchased shares of Twitter in 2011 before the company’s 2013 initial public offering.

KHC also holds large stakes in a wide range of businesses including the Four Seasons hotel chain, Uber, Lyft, and Citigroup.

[lastlib]

8. Well, gee, prince--think how many bone saws you can buy with the money. eom

[SmallFry]

10. Two sick people with little to lose. NT

[Lucky Luciano]

11. Musk is such a troll:

“Taking Tesla private for $420!”
“Buying Twitter for $54.20!”

[SunSeeker]

13. Yup. It's all an exercise in ego stroking for him. nt

[LetMyPeopleVote]

12. There will be a poison pill

I am old enough to remember doing public takeovers before there was poison pills. After poison pills became accepted, hostile takeovers changed. I am surprised that Twitter did not have a pill in place

Link to tweet

[Aviation Pro]

14. So, that was the poison pill

Nyuk, nyuk, Musk.

[speak easy]

15. The Saudis want an electric car man in charge of Twitter?

... difficult decisions at Riyadh