the saudi prince Alwaleed bin Talaldosone of the main shareholders of the Twittersaid that he rejects the proposal to buy the related social network made by the billionaire Elon Musk. the founder of Tesla offered the sum of $43 billion for full control of the platform.
“I don’t believe Elon Musk’s proposed offer ($54.20 per share) comes close to Twitter’s intrinsic value given its growth prospects.”said Alwaleed bin in a post on the social network itself.
Elon Musk made the purchase proposal a few days after announcing the acquisition of 9.2% of the Twitter and become the main shareholder of the company. The tycoon offered US$ 54.20 per share of Twitter, about R$ 255. The current value is 38% higher than before the purchase of 9.2% of shares made by the billionaire.
The purchase of 9.2% of the shares of Twitter made by Musk was announced on the 4th. Recently, the tycoon declined the invitation to be part of the board of directors of the social network.
It is worth mentioning that board members cannot acquire more than 14.9% of the company’s shares. This is a strategy to prevent newcomers from taking full control of the social network.