Current Events > Saudi Prince and Twitter shareholder will vote no on Elon Musk's offer.

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Sbiiaikajshajs
04/14/22 8:21:14 PM
#1:


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

Saudi Prince Alwaleed bin Talal Al Saud, a billionaire who is also one of Twitters largest shareholders, tweeted that he will vote to reject Elon Musks $41 billion all-cash bid for the company leading Musk to question Saudi Arabias commitment to free speech.

I dont believe that the proposed offer by @elonmusk ($54.20) comes close to the intrinsic value of @Twitter given its growth prospects, the prince tweeted on Thursday.

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

Hours later, Musk responded with what seemed to be a jab at Saudi Arabias free speech and human rights record.

Interesting. Just two questions, if I may, Musk replied to the prince. How much of Twitter does the Kingdom own, directly & indirectly? What are the Kingdoms views on journalistic freedom of speech?

Saudi Arabia frequently surveils and arrests journalists, according to Reporters Without Borders, which ranks the country as one of the worst in the world for press freedom. And the brutal murder of Washington Post journalist Jamal Khashoggi was personally approved by Saudi Arabias Crown Prince Muhammad bin Salman, according to US intelligence.

Prince Alwaleed bin Talal Al Saud chairs the Kingdom Holding Company, the Riyadh-based conglomerate that first purchased shares of Twitter in 2011 before the companys 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...

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DrizztLink
04/14/22 8:23:15 PM
#2:


Scorching takes from the mind that brought you "doesn't like my submarine = pedophile."

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DoctorPiranha3
04/14/22 8:23:52 PM
#3:


Good.
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Sbiiaikajshajs
04/14/22 8:24:56 PM
#4:


DoctorPiranha3 posted...
Good.


You sure about this? If Twitter rejects the offer, Elon Musk (and other shareholders) can sue for breach of fiduciary duty lol. Alternatively or simultaneously, he can dump his stock causing Twitter stock to plummet, which would let Elon Musk buy Twitter for a fraction of what he previously offered lol.

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ComfortablySad
04/14/22 8:30:16 PM
#5:


DrizztLink posted...
Scorching takes from the mind that brought you "doesn't like my submarine = pedophile."

Musk is a piece of shit but Prince Salman is in another league. He has hundreds beheaded every year.

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Doom_Art
04/14/22 8:30:39 PM
#6:


Shut the fuck up SMAL

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DrizztLink
04/14/22 8:31:44 PM
#7:


ComfortablySad posted...
Musk is a piece of shit but Prince Salman is in another league. He has hundreds beheaded every year.
I know in this case he's not wrong about SA, I'm saying he's wrong about trying to shift the narrative this way.

They rejected a bad offer because it's a bad offer, not because Musk is some great hero of the free press.

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ToadallyAwesome
04/14/22 8:32:06 PM
#8:


Sbiiaikajshajs posted...
You sure about this? If Twitter rejects the offer, Elon Musk (and other shareholders) can sue for breach of fiduciary duty lol. Alternatively or simultaneously, he can dump his stock causing Twitter stock to plummet, which would let Elon Musk buy Twitter for a fraction of what he previously offered lol.

Sure can do user with a name of random letters strung together that was created days ago! You surely arent stirring the pot and making crazy claims you wish to happen!

Atleast try to hide it

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JuanCarlos1
04/14/22 8:34:17 PM
#9:


Sbiiaikajshajs posted...
You sure about this? If Twitter rejects the offer, Elon Musk (and other shareholders) can sue for breach of fiduciary duty lol. Alternatively or simultaneously, he can dump his stock causing Twitter stock to plummet, which would let Elon Musk buy Twitter for a fraction of what he previously offered lol.

Assuming majority holders sell. If twitter plummets plenty of institutions and retail investors will be right there with their wallets open.

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Sbiiaikajshajs
04/14/22 8:38:10 PM
#10:


JuanCarlos1 posted...


If twitter plummets plenty of institutions and retail investors will be right there with their wallets open.


Like who? Disney already rejected Twitter years ago lol.

https://www.fastcompany.com/90407690/bob-iger-didnt-let-disney-buy-twitter-because-its-nastiness-is-extraordinary

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JuanCarlos1
04/14/22 8:40:13 PM
#11:


Sbiiaikajshajs posted...
Like who? Disney already rejected Twitter years ago lol.

https://www.fastcompany.com/90407690/bob-iger-didnt-let-disney-buy-twitter-because-its-nastiness-is-extraordinary


Same share holders? New big players? Who doesnt like a good company at a discounted price?

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Sbiiaikajshajs
04/14/22 8:41:41 PM
#12:


JuanCarlos1 posted...


Same share holders? New big players? Who doesnt like a good company at a discounted price?


Where were these shareholders before Twitter stock rose 27% just from Elon Musk?

https://www.cnbc.com/2022/04/05/elon-musk-asks-twitter-users-if-they-want-an-edit-button-shares-rise.html

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Sbiiaikajshajs
04/14/22 11:00:39 PM
#13:


Bump

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