Saudi prince Alwaleed bin Talal rejects Elon Musk's Twitter takeover bid – tweet | Reuters

Saudi Arabian billionaire Prince Alwaleed bin Talal sits for an interview with Reuters in the office of the suite where he has been detained at the Ritz-Carlton in Riyadh, Saudi Arabia January 27, 2018, REUTERS/Katie Paul Register now for FREE unlimited access to Reuters.comCAIRO, April 14 (Reuters) – Saudi Arabian investor Prince Alwaleed bin Talal said on Thursday that as one of the major shareholders in Twitter he rejected a takeover bid by billionaire entrepreneur Elon Musk.”I don’t believe that the proposed offer by Elon Musk ($54.20 per share) comes close to the intrinsic value of Twitter given its growth prospects,” the prince said in a Twitter post.Musk took aim at Twitter Inc with a $43 billion cash takeover offer on Thursday, with the Tesla CEO saying the social media giant needs to be taken private to grow and become a platform for free speech. read more Register now for FREE unlimited access to Reuters.comReporting by Omar Fahmy and Saeed Azhar Editing by Mark HeinrichOur Standards: The Thomson Reuters Trust Principles.
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