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Shareholder Saudi prince rejects Elon Musk’s bid to buy Twitter

Prince Alwaleed bin Talal, one of the largest shareholders of the social media giant, believes Twitter is worth more than Musk is offering.

Christian Marquardt/Getty Images
Tesla CEO Elon Musk closes his eyes during the official opening of the new Tesla electric car manufacturing plant on March 22, 2022, near Gruenheide, Germany. — Christian Marquardt/Getty Images

A Saudi prince with a major stake in Twitter rejected Elon Musk’s bid to buy Twitter today. 

Musk, a billionaire who leads Tesla and SpaceX, made an offer today to buy all of Twitter’s outstanding stock at a price of $54.20 per share. 

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