Elon Musk Twitter Purchase: Questions Kingdom’s Rejection, Asks About Journalistic Freedom and Share Ownership

Elon Musk talked about his purchase of Twitter upon going back to the platform after being silent for several days, and it caught the attention of the public and its shareholders. One of those that reacted against this proposal is the Kingdom Holding Company from Saudi Arabia, with Prince Alwaleed Talal expressing his rejection online.

Elon Musk Twitter Purchase: Kingdom, Saudi Prince Rejects Offer

Another poll popped up on Twitter, and it talked about the purchase of the platform by none other than the world's top billionaire, Elon Musk. The poll indicated that the executive is willing to pay $54.20 per share of the company from its current investors and shareholders and plans to make Twitter private after being a publicly-listed company for years now.

Chairman of the Board of Kingdom KHC from Saudi Arabia, Prince Alwaleed Talal, expressed his position in rejecting this offer by Musk which he took to Twitter earlier today. He said that the proposed value of $54.20 per share is not close to the intrinsic value of Twitter's growth, saying that it is not enough to buy the platform.

Musk Questions Saudi Arabia, Kingdom KHC on Twitter Take

Musk questions the Saudi Arabian Prince and Kingdom KHC, the holding company that has owned massive shares on Twitter for a long time now, for their reason to reject this offer. The tech billionaire asked two questions one talked about how many shares does Kingdom own directly and indirectly, and the other asked about their views about Journalistic freedom of speech.

Elon Musk and Twitter

After a short break from tweeting and expressing his opinions online, Musk dropped bombs earlier today as he talked about a new venture regarding Twitter and his massive stakes as a shareholder. The Tesla CEO offered to purchase Twitter and its entirety at $54.20 per share and make the social media platform private.

The deal got many adverse reactions and rejections.

Musk seemed to be planning a great deal for the company, and there were many ventures that the billionaire wanted for the platform, and he expressed all of this online and through polls. The executive and top shareholder of the social media also asked about turning Twitter's HQ into a homeless shelter, and this tweet got deleted from his profile.

The main talk now is making Twitter private, and the tech CEO took this matter to the public by asking a poll about it, when its primary audience is its current shareholders and the Twitter board. The question rattled the world and gave them a lot to think about, especially as the social media company went public several years ago.

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Written by Isaiah Richard