Saudi Prince Al-Valid Ibn Talal Al Saud, one of the largest shareholders twitter, rejected the offer of the founder of Tesla and Spacex, the richest man of the planet Ilona mask to buy 100% of the social network shares.
“I do not believe that the price proposed by the mask (54.20 dollars per share) is close to the real cost of Twitter, given the prospects for the company’s growth. Being one of the largest and long-term shareholders twitter, I reject this offer,” he wrote in Twitter.
Prince and his investment company Kingdom Holding Company (KHC) belongs to 5.2% of Twitter share.
On Thursday, it became known that Ilon Mask, who recently became the largest shareholder twitter – the owner of 9.2% of the shares, proposed to buy a company for $ 41.39 billion ($ 54.2 per share). At the same time, he decided not to enter the board of directors of the company.