Elon Musk loses cool as Saudi Prince Alwaleed bin Talal rejects his Twitter takeover bid

News Network
April 15, 2022

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Tesla and SpaceX CEO Elon Musk on Friday took a jab at Saudi Prince Alwaleed bin Talal, a major Twitter investor who rejected Musk's hostile offer to acquire 100 per cent of the micro-blogging platform for $43 billion.

Questioning Saudi Arabia's own media laws, Musk tweeted: "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?"

Musk reacted after the Saudi Prince rejected the Tesla CEO's cash offer of $54.20 per Twitter share.

"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," the prince tweeted.

Alwaleed, who runs the Kingdom Holding Company and is a nephew of Saudi Arabia's King Salman, said he was one of the oldest and largest shareholders in Twitter, reports Middle East Eye.

In 2015, he and his company owned a 5.2 per cent stake in the social media platform.

Musk on Friday started a new poll, with a tagline that "taking Twitter private at $54.20 should be up to shareholders, not the board.

"Will endeavour to keep as many shareholders in privatised Twitter as allowed by law," he tweeted.

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News Network
December 10,2024

Mangaluru: In a chilling reminder of the dangers lurking online, a man from Mangaluru fell victim to a sophisticated investment scam, losing a staggering ₹16.9 lakh. The fraudsters, posing as investment advisors, lured the victim via a WhatsApp group with promises of lucrative returns in the share market.

The trap was set when the victim clicked on a link sent by the fraudsters and downloaded a suspicious app. Over time, he transferred substantial sums of money to the fraudsters’ bank accounts, believing he was making profitable investments.

The scam unraveled when the victim tried to withdraw his money but found himself unable to do so. Realizing he had been duped, he lodged a complaint with the Mangaluru Rural Police, who have since registered a case and launched an investigation.

Be cautious

Always verify the authenticity of financial offers, especially when approached via social media or messaging apps. Avoid clicking on unsolicited links or downloading unverified apps. Stay vigilant to protect your hard-earned money from scammers.

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News Network
December 16,2024

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In a significant milestone, the Dakshina Kannada Zilla Panchayat Higher Primary School in Newpadpu, Harekala, has introduced a bilingual Kannada-English medium this academic year, a move spearheaded by Padma Shri awardee Harekala Hajabba. The school has so far received 13 admissions for its Class 1 bilingual program.

This initiative is part of a broader effort by the state government, which approved 38 schools across the district to launch bilingual mediums. Expressing his delight, Hajabba shared that he had been advocating for a bilingual school for years. "The bilingual medium will greatly benefit students in this region who otherwise rely on private schools. However, we currently face a shortage of classrooms. Construction of two additional classrooms is underway, and once completed, we expect higher admissions," he said.

The school had previously been permitted to introduce LKG and UKG classes in the last academic year. According to the school’s headmistress, Rajeshwari, while the pre-primary sections have seen good enrolment, the bilingual Class 1 faced challenges, securing only 13 students. She attributed this to the late notification of permission, which arrived a month after the academic year began, leading many children to enroll elsewhere.

Rajeshwari remains optimistic about the future. "We expect better admissions next academic year as awareness about bilingual education at this government school grows," she said, adding that the classroom shortage will soon be addressed.

Deputy Director of Public Instruction (DDPI) Venkatesha Subraya Patagara noted that bilingual schools across Dakshina Kannada have generally received a positive response, with some schools enrolling more than 100 students. The effort to offer bilingual education in government schools marks a step forward in providing affordable, quality education to underserved regions.

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News Network
December 16,2024

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The Israeli regime sustains its heavy attacks against various areas across Syria as Western-backed militants, who ousted the country’s government earlier this month, strengthen their foothold.

On Monday, the regime’s warplanes struck vital facilities and military infrastructure along the country’s western coastline, including the cities of Tartus and Latakia, where they pounded missile bases and ammunition depots.

Massive explosions rang out across the cities during the attacks.

Lebanon’s al-Mayadeen television network said Israeli occupation forces had also advanced as far as 15 kilometers (9 miles) in the western Syrian province of Quneitra.

'An earthquake'

Russia’s Sputnik news agency also reported Israeli assaults against military facilities in Hama and Homs, two other western provinces, adding that attacks against Hama and Aleppo, which is likewise situated in western Syria, shook the targeted areas like an “earthquake.”

Local sources, meanwhile, reported that the regime’s warplanes had also hit the Military Airport in the eastern province of Deir al-Zawr.

The agency cited sources as saying that Israeli warships had launched a number of missiles towards the Syrian coast, especially targeting the Tartus Province.

According to them, this was the first time that the Israeli military was deploying “such missiles” against Syria’s military sites.

The reports came a day after the regime attacked the positions that used to belong to the country’s Republican Guard and the Syrian military’s Fourth Armored Division in the Tal Mneen area and the town of Hafir, north of the capital Damascus.

Also on Sunday, Israeli forces occupied three new villages across the country, namely the Jamla village in the western Syrian province of Dara’a as well as the Mazraat Beit Jan and Mughr al-Mir رillages in Rif Dimashq Province.

Israeli aircraft also bombed an air defense site in the town of Muhajja in the eastern countryside of Dara’a’s capital and attacked the warehouses of the Syrian military’s 18th Armored Division in the eastern suburbs of Homs.

The regime has markedly intensified its deadly attacks against the country, especially targeting its military infrastructure, in the aftermath of its takeover by anti-Damascus militants, who are widely reported to have been receiving extensive military support and cooperation on the part of the Israeli regime and the West.

As part of its aggression, the regime has expanded its occupation of Syria’s Golan Heights, overrunning a buffer zone in the territory, and announced plans to ramp up the population of illegal settlers in the mountainous region.

Regional Arab states, including Saudi Arabia, Qatar, the United Arab Emirates, Egypt, and Iraq, have lashed out at Tel Aviv over the measures.

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