Al-Waleed bin Talal rejects Elon Musk's offer to buy Twitter What's the story?

Saudi Prince Al-Waleed bin Talal rejects American billionaire Elon Musk's offer to buy Twitter for $54.2 per share. For his part, Musk says that his offer is his "best final offer", pointing to the possibility of reconsidering his position as a shareholder in the event that the offer is not accepted.

Saudi Prince Al-Waleed bin Talal announced, Thursday, his rejection of American billionaire Elon Musk's offer to buy Twitter for $54.2 per share.

Ibn Talal said in a tweet via Twitter, "I do not think that Elon Musk's proposed offer to buy Twitter for $54.2 per share comes close to the intrinsic value of the price given its growth prospects."

"As one of the largest contributors to Twitter, I reject this offer," the Saudi prince added.

And Alwaleed bin Talal, personally and through his company "Kingdom Holding", is the second largest shareholder in Twitter, the operator of one of the largest social media sites, with a stake of about 35 million shares, representing 5% of the company's total shares.

And Thursday, a regulatory file for Twitter showed that it had received a letter from Musk, the founder and owner of the electric car maker Tesla, containing an offer to buy the platform at a price of 54.2 per share, with a total value of 41.39 billion dollars.

In a letter to Twitter CEO Brett Taylor, Musk said: "Since I made my investment, I now realize that the company will not thrive in its current form. Twitter needs to go private."

"My offer is my best final offer, and if it is not accepted, I will need to reconsider my position as a shareholder," Musk added.

Earlier this week, the social network's general manager, Parag Agrawal, announced that Musk had dropped the idea of ​​joining Twitter's board of directors.

And in early April, the billionaire and founder of Tesla announced the purchase of a 9.2% stake in Twitter, becoming the largest contributor to the social platform.