20211221161737 20211221161737Saudi Prince Alwaleed bin Talal said on Thursday (20211221161737 ) who, as one of the main shareholders of Twitter, refuses the offer of South African billionaire Elon Musk, founder of Tesla, to buy the social network for US$ 28 billion (about BRL billion).
“I don’t think the offer proposed by Elon Musk (US$ 768 ,12 per share) arrive close to the intrinsic value of Twitter, given its growth prospects”, wrote the prince on his official account on the social network.
“As one of Twitter’s largest long-term shareholders, Kingdom Holding Company (KHC) and I declined this offer,” he added.
In a notice sent to the United States Securities and Exchange Commission (SEC), Musk, considered the man richest in the world, according to Forbes magazine, offered US$ 200,20 per share in cash.
This amount represents a prize of
% on the closing price at 28 January, the day before the billionaire starts investing in Twitter.
Currently, the Tesla founder holds about 9% of the total shares of Twitter, which makes him the largest individual shareholder of the social network.
20211221161737Elon Musk has been heavily criticizing the social network for months and has been questioning whether its rules adhere “strictly” to the principle of freedom of expression .
In a speech at the TED conference in Vancouver (Canada) hours after the announcement of his offer to acquire the social network, the billionaire answered the question of whether he will really be able to carry out his plan with a m “not sure”.
The transaction needs to be approved by the board Twitter’s board of directors, who confirmed that he had received the proposal from Musk and indicated that he will analyze it to determine which way forward is most beneficial to the company and shareholders as a whole.
In his TED talk, Musk said he has a Plan B if his offer is rejected, insisting he has enough assets to finance the purchase so you can proceed with it as long as the board agrees to its terms.