{"id":4556,"date":"2022-04-16T09:31:53","date_gmt":"2022-04-16T09:31:53","guid":{"rendered":"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/long-time-twitter-shareholder-saudi-prince-alwaleed-rejects-musks-takeover-bid"},"modified":"2022-04-16T10:48:14","modified_gmt":"2022-04-16T10:48:14","slug":"long-time-twitter-shareholder-saudi-prince-alwaleed-rejects-musks-takeover-bid","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/long-time-twitter-shareholder-saudi-prince-alwaleed-rejects-musks-takeover-bid","title":{"rendered":"Long-Time Twitter Shareholder Saudi Prince Alwaleed Rejects Musk&#8217;s Takeover Bid"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Sierra-Leone. <\/strong><\/span>Twitter\u2019s long-time substantial shareholder Prince Alwaleed of Saudi Arabia said on Thursday he was rejecting a takeover bid by Elon Musk, describing the tech-entrepreneur and influencer\u2019s offer for the microblogging service as below its value.<\/p>\n<p>\u201cI don&#8217;t believe that the proposed offer by elonmusk ($54.20) comes close to the intrinsic value of Twitter given its growth prospects,\u201d the billionaire Saudi prince, a substantial shareholder in many top US corporations and one of the world\u2019s most famous investors, wrote in a message issued on Twitter itself. \u201cBeing one of the largest &amp; long-term shareholders of Twitter, Kingdom_KHC &amp; I reject this offer.\u201d<\/p>\n<p>Musk\u2019s offer of $54.20 for a share of Twitter, which valued the company at over $40 billion, came on Thursday after he bought an earlier stake of 9.2% in the company on April 4 at $49.97 per share or almost $3 billion.<\/p>\n<p>The chief executive of electric car-maker Tesla and cryptocurrency advocate said Twitter needed to be taken private to grow and become a platform for free speech.<\/p>\n<p>Alwaleed owns 5.2% of Twitter, raising his stake in the firm with additional stock purchases made in October 2015, according to an image the prince attached to his tweet.<\/p>\n<p>Twitter shares were down 0.4% at $45.69 at 1:36 PM ET (17:36 GMT) after Alwaleed\u2019s response to Musk\u2019s offer. The shares jumped 27% on April 4, closing at $49.97, after Musk\u2019s initial stake buy.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/sierra-leone\">Sierra-Leone<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Sierra-Leone. Twitter\u2019s long-time substantial shareholder Prince Alwaleed of Saudi Arabia said on Thursday he was rejecting a takeover bid by Elon Musk, describing the tech-entrepreneur and influencer\u2019s offer for the microblogging service as below its value. \u201cI don&#8217;t believe that the proposed offer by elonmusk ($54.20) comes close to the intrinsic value of [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":4555,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,8,9],"tags":[291,293,292],"class_list":["post-4556","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-homepage-english","category-miscellaneous","tag-africa-press","tag-africa-press-sierra-leone","tag-sierra-leone"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Long-Time Twitter Shareholder Saudi Prince Alwaleed Rejects Musk&#039;s Takeover Bid - Sierra Leone<\/title>\n<meta name=\"description\" content=\"Twitter\u2019s long-time substantial shareholder Prince Alwaleed of Saudi Arabia said on Thursday he was rejecting a takeover ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/long-time-twitter-shareholder-saudi-prince-alwaleed-rejects-musks-takeover-bid\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Long-Time Twitter Shareholder Saudi Prince Alwaleed Rejects Musk&#039;s Takeover Bid\" \/>\n<meta property=\"og:description\" content=\"Twitter\u2019s long-time substantial shareholder Prince Alwaleed of Saudi Arabia said on Thursday he was rejecting a takeover ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/long-time-twitter-shareholder-saudi-prince-alwaleed-rejects-musks-takeover-bid\" \/>\n<meta property=\"og:site_name\" content=\"Sierra Leone\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-04-16T09:31:53+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-04-16T10:48:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/sierra-leone\/sites\/16\/2022\/04\/postQueueImg_11-625a9ed718efc.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/long-time-twitter-shareholder-saudi-prince-alwaleed-rejects-musks-takeover-bid#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/long-time-twitter-shareholder-saudi-prince-alwaleed-rejects-musks-takeover-bid\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Long-Time Twitter Shareholder Saudi Prince Alwaleed Rejects Musk&#8217;s Takeover Bid\",\"datePublished\":\"2022-04-16T09:31:53+00:00\",\"dateModified\":\"2022-04-16T10:48:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/long-time-twitter-shareholder-saudi-prince-alwaleed-rejects-musks-takeover-bid\"},\"wordCount\":248,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/long-time-twitter-shareholder-saudi-prince-alwaleed-rejects-musks-takeover-bid#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/sierra-leone\/sites\/16\/2022\/04\/postQueueImg_11-625a9ed718efc.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Sierra-Leone\",\"Sierra-Leone\"],\"articleSection\":[\"all news\",\"homepage-english\",\"miscellaneous\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/long-time-twitter-shareholder-saudi-prince-alwaleed-rejects-musks-takeover-bid#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/long-time-twitter-shareholder-saudi-prince-alwaleed-rejects-musks-takeover-bid\",\"url\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/long-time-twitter-shareholder-saudi-prince-alwaleed-rejects-musks-takeover-bid\",\"name\":\"Long-Time Twitter Shareholder Saudi Prince Alwaleed Rejects Musk's Takeover Bid - 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