Saudi prince to retain stake in Twitter after Musk takeover

Prince Alwaleed previously criticized Elon Musk’s plan to buy the social media giant, but later changed his tune.
Twitter
Cars drive by Twitter headquarters on Oct. 28, 2022 in San Francisco. Elon Musk closed the deal to purchase social media platform for $44 billion and has already fired several top executives. - Justin Sullivan/Getty Images
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Adam Lucente
@Adam_Lucente

Saudi Prince Alwaleed bin Talal today announced he will continue owning part of Twitter following Elon Musk’s takeover. 

Talal’s Kingdom Holding Company will roll over its share of Twitter stock, valued at $1.89 billion, to the now privately owned Twitter led by Musk. This will make Talal the second-largest investor, following Musk, the tweet said. 

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