HomeWorldUS available to investigate Saudi involvement in Twitter purchase

US available to investigate Saudi involvement in Twitter purchase

The United States is available to investigate Saudi Arabia’s involvement in Elon Musk’s takeover of the social network Twitter, in particular Saudi billionaire prince Al Waleed, President Joe Biden said Wednesday.

“I think that cooperation or technical relations with other countries deserve to be analyzed, if someone is doing something wrong or not. What I am suggesting is that it deserves to be analyzed,” the US head of state said in a conference on Wednesday. of press. conference, after being consulted on this subject.

Saudi billionaire prince Al Waleed bin Talal has become the second largest shareholder of the ‘new’ Twitter, after tycoon Elon Musk bought the social network.

On October 29, the Saudi prince revealed that he transferred ownership of the existing 34,948,975 shares he owned in Twitter, valued at $1.89 billion (the same amount in euros), to the “new Twitter”, turning Al Waleed into the second largest shareholder after Elon. Musk.

“Dear friend ‘Chief Twit’, Elon Musk, together until the end,” Al Waleed wrote on his Twitter account, after Musk announced the acquisition of the social network.

The Saudi rejected, in April, an offer from Musk, also CEO of Tesla, of 43,000 million dollars to buy the social network.

“I don’t think Elon Musk’s proposed offer comes close to the intrinsic value of Twitter, given its growth prospects,” the prince said at the time.

Musk took control of Twitter last week, after buying the social network for 44,000 million euros, having immediately dissolved the board of directors, as well as expelling the main staff and laying off about half of the 7,500 employees, including the entire human rights company. equipment.

Source: TSF

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