Natalieâs Commentary:Â âWhile Prince Al Waleed Bin Talal does not have the power to unilaterally reject Muskâs offer, as one of Twitterâs largest shareholders, his significant share will be a key determining factor in the likelihood of the acquisition and the level of conflict necessary for Musk to pull through.â
Mr. Forbes made some very interesting comments regarding the real possibility of Elon Musk acquiring Twitter. Steve Forbes said, “I think heâll make a deal go through. Whether itâs this one or another one. Elan Musk needs only 30 to 40% to have effective control. I think he’s in it enough to do it. What Elan Musk is doing is amazing stuff. What he has done in rocketry. His company has better technology than government agencies. So one way or another, he will get control of Twitter.”
I say, Twitter is stagnant in its current status and doesnât have the potential to grow in its current limited views on censorship. There is blatant shadow banning, strict censorship and even closing the active accounts of @TheNewYorkPost for posting Hunter Bidenâs Laptop and its contents relating to a pay2play influence peddling operation run by Hunter Biden for the illegitimate Presidency of Biden colluding with a genocidal Communist Dictator of China/CCP.
Another user completely banned on Twitter was @NaomiWolf for her truthful posting at Twitter. There have been numerous accounts closed for the fact that Twitter does not agree with the content and censors freedom of speech. The following articles may be of interest to Elon Musk and readers like yourselves who are completely tired of the censorship of freedom of speech which most of us are hardworking American taxpayers. Â These articles might be of interest to you providing some background on Prince Alwaleed bin Talal and Twitter.
đ¨đ¨đ¨Genie Energy and Rupert Murdoch, Owner of FoxNews its Hidden Role in the War on Syria
Twitter Shares Slide After Saudi Investor Rejects Muskâs Bid for Twitter
From The Epoch Times By April 14, 2022 and Nats.news
Elon Muskâs ambitious bid to take Twitter private under his ownership has hit a roadblock as Saudi investors are rejecting the Tesla CEOâs offer, causing Twitter shares to drop and setting the stage for a bitter struggle for control of the social media giant.
On Thursday, several hours after Musk announced his âfinal offerâ to buy Twitter outright, the Saudi Arabian Prince Al Waleed bin Talal Al Saud responded that the offer was not acceptable to him. Al Waleed purchased a 5.2 percent stake in the company in 2015, and if it is assumed that he has retained these shares, he would count among Twitterâs largest shareholders (it has been reported that Al Waleed sold many of his shares in the subsequent years).
âI donât believe that the proposed offer by @elonmusk ($54.20) comes close to the intrinsic value of @Twitter given its growth prospects,â said Al Waleed in a tweet. âBeing one of the largest & long-term shareholders of Twitter @Kingdom_KHC & I reject this offer.â
Musk retorted on Twitter, implicitly criticizing the Saudi Arabian government and alleging that Waleedâs rejection was political in nature.
âInteresting. Just two questions, if I may,â said Musk in response. âHow much of Twitter does the Kingdom own, directly & indirectly? What are the Kingdomâs views on journalistic freedom of speech?â
Following this exchange, Twitterâs stock price has erased the gains made in the morning when Musk first announced his offer, falling from $47.19 per share at the time of Waleedâs tweet to $45.08 as of writing. Twitterâs stock is still significantly higher than prior to Muskâs announcement of his initial investment in the company, before which shares were valued at $39.31 each.
Waleedâs rejection is the latest development of the saga which began when Musk announced having acquired a 9.2 percent stake in Twitter, giving him significant leverage to influence policy in the company. From the beginning, Musk has framed his purchases of Twitter stock as a means of curtailing the censorship practices of the company, which he has asserted restrict free speech.
While Musk was initially offered a position on Twitterâs Board of Directors after revealing his stake, the electric car and satellite tycoon ultimately rejected that offer, likely because it would limit him to acquiring no more than 14.9 percent of Twitterâs stock.
Musk proceeded to announce on Thursday morning his offer to take the company private under his ownership, with a price tag of around $43 billion to buy out existing investors in the platform.
Since Muskâs âfinal offerâ to buy the company, backed by the implicit ultimatum to sell his stake in the company and thusly diminish the value of the companyâs stock, a great deal of analysis has attempted to assess the eccentric billionaireâs likelihood of success.
In a note to investors on Thursday, Wedbush analyst Daniel Ives was bullish on Muskâs chance of success, though he noted that such a triumph for the South African billionaire would only come after a great deal of struggle.
âUltimately we believe this soap opera will end with Musk owning Twitter after this aggressive hostile takeover of the company,â said Ives, noting that âthe Twitter board will be forced likely to accept this bid and/or run an active process to sell Twitter.
However, Ivesâ assessment is not universal among market analysts. Former hedge fund manager Jim Cramer has stated that Muskâs offer could be unacceptably low for Twitterâs directors, possibly exposing the companyâs incumbent executives to personal liability.
âThey have no choice but to reject it,â Cramer said on Thursday. âIf they say, âwe accept,â theyâre phony. And theyâre not phonies.â
With the single largest share of the company and the prospect of acquiring more, Musk still holds a great deal of leverage going forward, even as he engages with a coalition of Twitter shareholders bitterly opposed to his acquisition of the company.
However, in Muskâs own account of the situation, he has more tricks up his sleeve if his offer is rejected. When asked whether there was a âPlan Bâ in the event that his buyout of the company should fail, Musk cryptically responded âThere is,â without elaborating further.
The Epoch Times reached out to Twitter for comment on Muskâs bid to acquire the company. Twitter responded with a statement saying that it had received Muskâs âunsolicited, non-bindingâ proposal, adding that it would âcarefully reviewâ it and make decisions that it believes are in the best interest of the company and stockholders.