Connect with us

Hi, what are you looking for?

The Savage DiaryThe Savage Diary

Politics

Elon Musk DESTROYS Saudi Prince Trying To Block Him From Hostile Takeover Of Twitter: “What Are The Kingdom’s Views On Journalistic Freedom Of Speech?’

Earlier today, news broke that business titan Elon Musk offered to take over Twitter.  His offer was 38% higher than the company’s current valuation in the stock market.

Rumors have circulated over the past two weeks that Musk is planning a hostile takeover of Twitter after buying a 9.2% share in the company and rejecting a seat on its board.  Musk’s offer to buy Twitter out entirely only further confirms these rumors.

Today, Saudi Prince Alwaleed bin Talal, who at one point owned a 5.2% stake in Twitter, rejected Musk’s offer, saying it was insufficient.

Musk responded shortly after, indirectly criticizing Saudi Arabia’s repressive measures against free speech and  freedom of the press.

The Daily Mail Reports–

“Elon Musk has fired back at a Saudi Arabian shareholder of Twitter who tried to block his $41 billion hostile takeover plan, questioning whether royalty in the notoriously repressive state should exercise control over the social media platform.

In a tweet, Musk responded harshly to Saudi Prince Alwaleed bin Talal, who claimed to be ‘one of the largest’ Twitter shareholders and said he would ‘reject’ Musk’s proposal to take the company private, calling the offer insufficient.

‘How much of Twitter does the Kingdom own, directly & indirectly? What are the Kingdom’s views on journalistic freedom of speech?’ Musk asked bin Talal.

Bin Talal’s true ownership stake in Twitter is unclear. Though the prince shared a screenshot boasting of his 5.2 percent stake in 2015, his investment firm later reduced its stake below 5 percent, and has not had to report any further transactions, regulatory filings show.

Bin Talal is a cousin to Saudi Crown Prince Mohammad bin Salman, whom the CIA concluded ordered the grisly assassination of Saudi journalist Jamal Khashoggi in 2018. The Saudi government has long ranked near the worst in the world for press freedom.”

Advertisement. Scroll to continue reading.

Members of Twitter’s board have already started plotting against Musk’s planned hostile takeover.  Twitter’s board reportedly met Thursday afternoon and hatched a plan to dilute Twitter’s stock by introducing a diluge of new shares, also called a ‘poison-pill’ provision.

Loading

Advertisement
Comments

You May Also Like

Big Tech

In a since-deleted tweet, Axios reporter Dan Primack reported a would-be scoop on Tuesday about the biggest name in conservative media, Fox News, joining the...

Hollywood

The actor, whose IMDb page lists credits for “NCIS: New Orleans” and “Game of Thrones,” was arrested last week after LAPD detectives claimed he...

Border Security

Governor Greg Abbot (TX) is working with Nuevo Leon, Mexico, Governor Garcia to secure the border while Biden Admin does nothing. With Title 42...

January 6th

Democratic politicians and media pundits have tried to push the narrative that President Trump is personally responsible for the unrest that happened on January...

Kamala Harris

Nobody on earth thinks Kamala Harris is smart. She’s a dumb lady. And she’s an arrogant woman as well. She thinks she’s too good...

Election

Arizona lawmakers approved new voter restrictions that supporters said ensure only U.S. citizens can cast ballots but opponents said will wipe countless voters off...

Big Tech

Darrell Issa is on a mission. He finally got the memo that Republican voters are pissed off about the 2020 election and the interference...

GOP

Republican Texas Rep. Ronny Jackson made a big move and introduced a resolution calling for Vice President Kamala Harris to be removed from her...

Advertisement
Back