Saudi Arabia Kingdom Holding Company and Saudi Prince Alwaleed’s Private Office (Alwaleed Private Office) released a statement announcing the transfer of 34.95 million shares of Twitter held worth $1.89 billion (equivalent to about 13.7 billion yuan) to Tesla CEO Elon Musk led by “The New Twitter”.
It is understood that the statement pointed out that the Saudi Kingdom Holding Company and Alwaleed’s private office are the second largest Twitter investors after Elon Musk. And, the statement added, the transfer is in line with the Kingdom Holding Company’s long-term investment strategy. It is reported that Alwaleed is known as the “Bill Gates of Saudi Arabia” and currently serves as the chairman of the board of directors of Saudi Kingdom Holding Company.
Previously, Alwaleed had vigorously opposed Elon Musk’s acquisition of Twitter because the price he offered did not come close to Twitter’s intrinsic value. However, his attitude changed again, saying that billionaire Elon Musk will be a “good leader” for Twitter, and he is looking forward to spending $1.89 billion in “new Twitter” and joining Elon Musk’s “this An exciting journey”.
A drama that has lasted for half a year for Elon Musk’s acquisition of Twitter has finally come to an end. Today, Elon Musk completed the $44 billion acquisition of Twitter, becoming the new owner of Twitter. In addition, information on the New York Stock Exchange (NYSE) website shows that Twitter will be delisted.
