• About Us
    • Àtẹ́lẹwọ́ Podcast
  • Contact
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Sitemap
Freelanews
Advertisement
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events
No Result
View All Result
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events
No Result
View All Result
Freelanews
No Result
View All Result
Home General

‘Out of the top spot’ Elon Musk bumped aside as Twitter’s largest stakeholder amid $43bn takeover bid

Freelanews by Freelanews
April 15, 2022
in General
0
Elon Musk 1
Total
0
Shares
Share 0
Tweet 0
Share 0
Share 0
Share 0

Billionaire and founder of Tesla Inc, Elon Musk, is no longer the largest shareholder of Twitter.

Musk currently owns a 9.2 per cent stake in the company.

But Vanguard Group, an American registered investment advisor, now owns 82.4 million shares of Twitter, which means 10.3 per cent of the company, making it Twitter’s largest shareholder and bumping Musk out of the top spot.

According to the most recent publicly available filings with the US Securities and Exchange Commission, the asset manager increased its stake in the company at some point during the first quarter.

The Wall Street Journal reported that Vanguard’s holdings are worth $3.78 billion, based on Twitter stock’s closing price on April 13.

Recall that Musk proposed to buy 100 per cent of the social media company at $54.20 per share in cash, valuing it at around $43 billion.

At a TED conference on Thursday, Musk insisted that buying Twitter wasn’t an economic move for him.

“I could technically afford it. But this [deal] is not a way to make money. Having a public platform that is trusted and broadly inclusive is extremely important to the future of civilization. I don’t care about the economics at all,” Musk said.

The world’s richest person expressed doubt about whether he’ll succeed in buying Twitter.

“I’m not actually sure I will be able to acquire it…I could technically afford it,” he said.

Musk acknowledged he has a “plan B” if his offer fails but refused to elaborate when asked for details.

“For another time, I think,” the billionaire said.

Reacting to Musk’s offer, Alwaleed bin Talal, a Saudi Arabian prince, said that as one of the major shareholders of Twitter that he was rejecting the entrepreneur’s cash offer for the social media platform because it was too low.

“I don’t believe that the proposed offer by Elon Musk ($54.20 per share) comes close to the intrinsic value of Twitter given its growth prospects,” the prince said in a tweet.

I don’t believe that the proposed offer by @elonmusk ($54.20) comes close to the intrinsic value of @Twitter given its growth prospects.

Being one of the largest & long-term shareholders of Twitter, @Kingdom_KHC & I reject this offer.https://t.co/Jty05oJUTk pic.twitter.com/XpNHUAL6UX

— الوليد بن طلال (@Alwaleed_Talal) April 14, 2022

In his response to the Saudi Prince’s tweet, Musk asked two questions.

“Interesting. Just two questions, if I may. How much of Twitter does the Kingdom own, directly & indirectly? What are the Kingdom’s views on journalistic freedom of speech?” he asked in a tweet.

As of the time of filing this report, the prince is yet to respond to Musk’s questions.

Interesting. Just two questions, if I may.

How much of Twitter does the Kingdom own, directly & indirectly?

What are the Kingdom’s views on journalistic freedom of speech?

— Elon Musk (@elonmusk) April 14, 2022

Total
0
Shares
Share 0
Tweet 0
Share 0
Share 0
Share 0
freelanews
Freelanews

Freelanews is a potpourri of news, entertainment, business, events and photos. This is no fake news.


Discover more from Freelanews

Subscribe to get the latest posts sent to your email.

Related Posts

WhatsApp Image 2022 04 05 at 8.16.39 PM scaled
General

‘Contemplating if it should continue’ Netflix suspends Will Smith’s movie production amidst slap controversy

by Rtn. Victor Ojelabi
April 5, 2022
Mohbad’s family conducts fresh autopsy, awaits result
General

Mohbad’s family conducts fresh autopsy, awaits result

by Quadri Olaitan
July 24, 2024
joe biden dog
General

‘He has been aggressive’ Joe Biden’s dogs move out of White House after biting security agent

by Freelanews
March 9, 2021
PDP logo
General

‘Revealed’ Ex-gov, Aliyu, opens up on why northern PDP govs worked against Jonathan in 2015

by Freelanews
April 17, 2021
Ehi Braimah
General

Braimah emerges finalist for StudyUK Alumni Awards 2025

by Rtn. Victor Ojelabi
February 2, 2025

Discussion about this post

ADVERTISEMENT

Recent News

Rotary Club cataract surgery

Rotary Club cataract surgery transforms 30,000 lives

October 8, 2025
Ikechukwu N arrest

Ikechukwu N arrest shocks Argentina after INTERPOL raid

October 8, 2025
CBN monetary stability

CBN assures Nigerians of monetary stability progress

October 8, 2025
Uche Nnaji resignation

BREAKING! Tinubu’s Minister, Uche Nnaji resigns over certificate forgery allegations

October 7, 2025

Search

  • Trending
  • Comments
  • Latest
Political persecution in Ogun State

Political persecution in Ogun State: Abiodun moves against Otunba Gbenga Daniel with demolition threats again

August 9, 2025
Abdul-Muiz Olanrewaju Animashaun

Abdul-Muiz Olanrewaju Animashaun remembered with love

September 14, 2025
Taylor Swift deepfake scandal

Taylor Swift faces deepfake scandal as Swifties call for stricter regulation

January 25, 2024
April Wind Couture

April Wind Couture thrives in Nigeria’s tough economy with bold Ankara vision

September 12, 2025
amoke

‘Meals by Amoke’ We serve traditional dishes in a modern way, Bukoye Fasola reveals

0
Image 2024 03 26 at 120645 AM jpeg

Charles Inojie, Ali Nuhu call on communities to #MakeWeHalla against domestic violence

0
Meran Primary Health Centre

Lagos father shares heartbreaking experience at Meran Primary Health Centre (Photos)

0
fls2

‘Disarticulated system’ Gov’t confused about Nigerian education, expert laments

0
Rotary Club cataract surgery

Rotary Club cataract surgery transforms 30,000 lives

October 8, 2025
Ikechukwu N arrest

Ikechukwu N arrest shocks Argentina after INTERPOL raid

October 8, 2025
CBN monetary stability

CBN assures Nigerians of monetary stability progress

October 8, 2025
Uche Nnaji resignation

BREAKING! Tinubu’s Minister, Uche Nnaji resigns over certificate forgery allegations

October 7, 2025
October 2025
MTWTFSS
 12345
6789101112
13141516171819
20212223242526
2728293031 
« Sep    
Freelanews

Freelanews is a Nigerian digital news platform that delivers timely, credible, and engaging stories across politics, business, entertainment, lifestyle, and the creative industry, with a strong focus on promoting innovation, integrity, and inclusivity in storytelling.

Follow Us

  • Facebook
  • TikTok
  • YouTube
  • Instagram

Editor’s Pick

  • OGD vs DA
    OGD vs DA: The real story never told
    • August 22, 2025
  • Toyota Sienna harassment
    Why is Lagos State govt harassing Toyota Sienna users?
    • August 19, 2025
  • Otunba Gbenga Daniel
    Who really is Otunba Gbenga Daniel?
    • August 18, 2025

Hot!

Rotary Club cataract surgery

Rotary Club cataract surgery transforms 30,000 lives

October 8, 2025
Ikechukwu N arrest

Ikechukwu N arrest shocks Argentina after INTERPOL raid

October 8, 2025
No Result
View All Result
  • About Us
  • Contact
  • Advertisement
  • Sitemap

© 2025 Freelanews | by Iretura.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Total
0
Share
0
0
0
0
0
0
No Result
View All Result
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events

© 2025 Freelanews | by Iretura.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.

Discover more from Freelanews

Subscribe now to keep reading and get access to the full archive.

Continue reading