Saudi Arabia's Kingdom Holding Company and Prince Alwaleed bin Talal's stake in Twitter after Elon Musk's takeover
Saudi Arabia's Kingdom Holding Company and Prince Alwaleed bin Talal will maintain their stake in Twitter after Elon Musk's takeover. Musk, now the richest person in the world, completed a $44bn acquisition and plans to become Twitter's interim CEO.
Key Points
- Kingdom Holding Company and Prince Alwaleed bin Talal to maintain ownership of Twitter shares
- Elon Musk completed a $44bn acquisition of Twitter
- Musk plans to become Twitter's interim CEO
Pros
- Continuity in ownership of Twitter shares by established stakeholders
- Potential for long-term strategic alignment with Kingdom Holding Company
Cons
- Uncertainty regarding Twitter's future direction under Musk's leadership