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Twitter doesn't exist anymore (as of yesterday[1]), so the Saudis' ownership shares likely transferred to X Corp. How much of X is now owned by Saudi Arabia is
by Andrex 4y ago
Twitter doesn't exist anymore (as of yesterday[1]), so the Saudis' ownership shares likely transferred to X Corp.
How much of X is now owned by Saudi Arabia is the real question.
1. https://arstechnica.com/tech-policy/2023/04/twitter-no-longer-exists-as-a-company-merges-into-musks-x-corp/ https://arstechnica.com/tech-policy/2023/04/twitter-no-longe...
- codeddesign 4y agoLarge shareholders were moved to equity upon purchase. In other words..the Saudi you are referencing was a large shareholder of the “Old Twitter”. That’s along the lines of “how much did Russia fund Facebook” VTB (sanctioned bank) funded Facebook in the tune of $1bn. It also funded Twitter in 2011 for $191m.
- BulgarianIdiot 4y agoBuying shares is not funding. Unless the shares are emitted from the co itself. Which happens during IPO and dilution only.