Portrait of the second largest shareholder after Billionaire Elon Musk acquired Twitter

Tram Ho

According to Al Jazeera channel, Prince Alwaleed bin Talal, who made a statement on his Twitter account on October 28, said that the deal is in line with the long-term strategy of KHC, the company founded by Prince Alwaleed bin Talal.

As of January 2022, Saudi Arabia, which has a population of 34.8 million, has the 8th largest number of Twitter users in the world, with more than 12 million users of this social network. Contrary to his statement on October 28, Prince bin Talal initially turned down billionaire Musk’s offer in April, questioning the “intrinsic value” of Twitter. At the time, billionaire Musk questioned Saudi Arabia’s position on press freedom.

Chân dung cổ đông lớn thứ 2 sau khi Tỉ phú Elon Musk thâu tóm Twitter - Ảnh 1.

Prince Alwaleed bin Talal. Photo: AP

Billionaire Musk, the world’s richest man, announced on October 27 that he had completed the $44 billion acquisition of Twitter.

Referring to Twitter’s bird logo, Musk wrote on this social network: “The bird is freed”, a move that implied he gave the green light that the company would be less restrictive on content. can be posted. According to people familiar with the matter, Musk plans to become the interim CEO of Twitter.

The world’s richest billionaire also fired Twitter CEO Parag Agrawal, Chief Financial Officer Ned Segal and Director of Legal and Policy Affairs Vijaya Gadde. He accused them of deceiving himself and Twitter investors about the number of virtual accounts on the platform.

The Twitter acquisition is also funded by other large investment groups and funds, such as Larry Ellison, co-founder of software company Oracle, and Qatar Holding, controlled by the Qatar sovereign wealth fund.

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Source : Genk