Saudi Arabian Prince and Kingdom Holding Company are ready to invest almost $1.9 billion in the “new” Twitter. Prince Alwaleed bin Talal stated that he considers Elon Musk an “excellent leader” for the social network.
Saudi Arabian investor Prince Alwaleed bin Talal said on Thursday he believes Elon Musk will be an excellent leader for Twitter to develop its huge potential. He said he was looking forward to investing ~$1.9 billion in the “new” Twitter to join to its future development.
“Great to connect with you my “new” friend @elonmusk🤝🏻I believe you will be an excellent leader for @Twitter to propel & maximize its great potential
@Kingdom_KHC & I look forward to roll our ~$1.9bn in the “new” @Twitter and join you on this exciting journey”
On April 14, Prince Alwaleed opposed CEO Tesla's buyout offer, stating that the price he offered was not in line with Twitter's intrinsic value given its growth prospects. In response to this, Musk asked several questions to which he never received an answer. Three weeks later, Prince Alwaleed wrote his welcoming and friendly tweet.
Great to connect with you my “new” friend @elonmusk🤝🏻
— الوليد بن طلال (@Alwaleed_Talal) May 5, 2022
I believe you will be an excellent leader for @Twitter to propel & maximise its great potential@Kingdom_KHC & I look forward to roll our ~$1.9bn in the “new” @Twitter and join you on this exciting journey
Initially, Musk's offer to buy Twitter was viewed negatively by many investors. However, the resourceful engineer has secured the support of major investors, and continues to receive increasing support from famous people, organizations, and individuals. At the moment, there has been a significant overbalance of support in favor of Musk.
© 2022, Eva Fox | Tesmanian. All rights reserved.
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About the Author
Eva Fox
Eva Fox joined Tesmanian in 2019 to cover breaking news as an automotive journalist. The main topics that she covers are clean energy and electric vehicles. As a journalist, Eva is specialized in Tesla and topics related to the work and development of the company.
