London Daily

Focus on the big picture.

Friday, Mar 31, 2023

Saudi's Kingdom Holding company to maintain Twitter stake

Saudi's Kingdom Holding company to maintain Twitter stake

Saudi Arabia's Kingdom Holding Company and the private office of Prince Alwaleed Bin Talal said on Friday that they will continue their ownership of Twitter (TWTR.N) shares valued at $1.89 billion after Elon Musk's takeover of the social media company, according to a statement tweeted by Prince Alwaleed.

Elon Musk took ownership of Twitter Inc on Friday and the self-described free speech absolutist has said his desire is to see the company have fewer limits on content that can be posted on the influential social media platform.

Alwaleed's Kingdom Holding is 16.9% owned by Saudi Arabia's sovereign wealth fund chaired by crown prince Mohammed Bin Salman.

Prince Alwaleed bin Talal rose to international prominence after making a big successful bet on Citigroup Inc(C.N)in the 1990s and he was an early investor in Apple Inc.

The prince has also made hundreds of millions of dollars by investing in companies such as Uber Technologies Inc (UBER.N) to Twitter Inc.

Newsletter

Related Articles

Man Utd make decision over Mason Greenwood return to training

Manchester United have told Mason Greenwood that he will not be permitted to return to training before the season ends, according to reports.

UK claims post-Brexit win by sealing trans-Pacific trade pact membership

The UK will join 11 other countries in a major Asia-Pacific trade partnership, Prime Minister Rishi Sunak announced Friday, in the country’s biggest post-Brexit trade deal follo...

£21bn of public money lost in fraud since COVID pandemic began and most will never be recovered

The National Audit Office revealed the staggering increase of money lost due to fraud since the pandemic hit compared to a couple of years before it. Over £7bn of the total rela...

UK government need more than just patriotism to keep up with US and EU in global net-zero race

As two industrial giants - the US and the EU - are engaged in a transatlantic arm-wrestle over the technology, investment and skills needed for net zero, the UK has effectively ...

Ofgem U-turn after threatening newspaper over prepaid meters exposé

An undercover investigation by The Times last month exposed allegations that energy companies were breaking into vulnerable customers' homes to install prepayment meters.

Government's 'Green Day' of climate and energy: the new, the old and the 'significant gaps'

A slew of climate and energy policies released by the government have been criticised by some for falling short on ambition, with many headline commitments repackaged versions o...

Troubled banknote printer De La Rue faces new campaign to oust chairman

Crystal Amber Funds has requisitioned an EGM to seek the removal of Kevin Loosemore as the underperforming company’s chairman.

Sticky inflation confirms there is more for the European Central Bank to do

Sky's Ian King casts his eye over the latest inflation figures coming out of the euro area, which show a mixed picture for the policymakers in Frankfurt to grapple.

UK private sector shrinks for the eighth consecutive quarter

The CBI expects the economy will return to growth in the next quarter - but warned the UK is "skirting stagnation-like conditions rather than delivering the strong, sustainable ...

Plans to accelerate rise in state pension age frozen

Work and Pensions Secretary Mel Stride said uncertainty around life expectancy and the public finances had driven the decision - which Labour branded 'a damning indictment of 13...

Heathrow security guards to strike for 10 days over Easter as last-ditch talks fail

British Airways has said it expects to cancel up to 32 flights a day as a result of the action

London Daily

0:00

0:00

0:00

0:00

Russia arrested an American reporter for the Wall Street Journal on espionage charges

Don’t Dismiss China’s Peacemaking Bid

Austrian Parliament members walk out when Volodymyr Zelensky begins speaking.

Father obliterates council members following viral TikTok of biological male masturbating in women’s bathroom..

Tsai Ing-wen received a "warm welcome" from the Chinese people in the US.

EU's von der Leyen: "We know this is an era where we rely on one single supplier. China. 98% of our rare earth supply."

China and Brazil have signed a new deal that will allow them to trade in their own currencies, bypassing the US dollar as an intermediary

Elon Musk and Others Call for Pause on A.I., Citing ‘Profound Risks to Society’

Nashville style execution

“We've had evidence prior to the pandemic that masks were largely ineffective at preventing community transmission of influenza “

Former Starbucks CEO Howard Schultz:

Former Starbucks CEO Howard Schultz rejects being labeled a "billionaire"

Jamie Dimon is being deposed over JPMorgan Chase role in Epstein lawsuits

This is how an electric car saves all the energy that he would have spent if he had lived 50 years longer.

Brand new security footage has just been released to the public showing the Active shooter Audrey Elizabeth Hale drove to Covenant Church School in her Honda Fit this morning, parked, and shot her way into the building

Social Media censoring users for saying the true

Smart Iranian fashion designer teaching dummy TV anchors lesson about reality

U.S. charges FTX's Bankman-Fried with paying $40 million bribe

Fallen 'Crypto King' Who Owes Millions to Investors Was Kidnapped and Tortured

Regulators blame social media for SVB's rapid collapse: 'Complete game changer'

AOC explains why she opposes banning TikTok

UK: Humza Yousaf replaces Nicola Sturgeon as SNP leader and first minister in Scotland

In a dramatic U-turn against His Government: Judicial Reform Legislation Must Be Halted, Says Israeli Defense Minister Yoav Gallant

Gordon Moore, a co-founder of Intel Corporation, died at 94

Powell: Silicon Valley Bank was an 'outlier'

Bordeaux town hall set on fire in France pro democracy protest

Police violence in Paris

Paris: Some of the police are stepping down and showing solidarity with the protesters.

Donald Trump arrested – Twitter goes wild with doctored pictures

NYPD is setting up barricades outside Manhattan Criminal Court ahead of Trump arrest.

Credit Suisse's Scandalous History Resulted in an Obvious Collapse - It's time for regulators who fail to do their job to be held accountable and serve as an example by being behind bars.

Home Secretary Suella Braverman tours potential migrant housing in Rwanda as asylum deal remains mired in legal challenges

Goldman Sachs cuts outlook for European bank debt over Credit Suisse crisis

Paris Rioting vs Macron anti democratic law

'Sexual Fantasy' Assignment At US School Outrages Parents

Orbán Viktor: the restructuring of the power relations in the whole of Europe is taking place

Credit Suisse to borrow $54 billion from Swiss central bank

The BBC problem about China

Strikes-Hit UK Pledges 94 Billion Euros In Cost-Of-Living Budget

Russian Hackers Preparing New Cyber Assault Against Ukraine

"Will Fly Wherever International Law Allows": US Warns Russia After Drone Incident

UK face biggest fall in spending power for 70 years

Jeremy Hunt insists his Budget will get young parents and over-50s back into work

If this was in Tehran, Moscow or Hong Kong

Announcing GPT-4

TRUMP: "Standing before you today, I am the only candidate who can make this promise: I will prevent World War III."

China is calling out the US, UK, and Australia on their submarine pact, claiming they are going further down a dangerous road

A brief banking situation report