Saudi prince reverses course on Twitter for "new friend" Musk

It took less than three weeks for Prince Alwaleed bin Talal Al Saud to flip from outraged investor to crucial supporter of Elon Musk’s $44 billion takeover of Twitter Inc.

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“Great to connect with you my ‘new’ friend @elonmusk,” Alwaleed tweeted Thursday, shortly after a Securities and Exchange Commission filing showed he agreed to roll his entire $1.9 billion stake into a privatized Twitter. When Musk announced his $54.20-per-share offer in April, Alwaleed used the social-media platform to reject the offer, saying it didn’t “come close” to the company’s intrinsic value.

It’s unclear exactly how Musk swayed the Saudi billionaire — initially the Tesla co-founder mocked the Saudi royal — but sticking with the company is in keeping with Alwaleed’s tendency to hold tight on high-profile bets through ups and downs.

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