Saudi Prince Alwaleed says Musk will be 'excellent leader' for Twitter

FILE PHOTO: Elon Musk's Twitter profile is seen on a smartphone placed on printed Twitter logos in this picture illustration taken April 28, 2022. REUTERS/Dado Ruvic/Illustration

DUBAI (Reuters) -Saudi Arabian investor Prince Alwaleed bin Talal said on Thursday billionaire entrepreneur Elon Musk will be an "excellent leader" for Twitter, as he agreed to roll his $1.89 billion stake into the deal rather than cashing out.

Prince Alwaleed had on April 14 opposed the buyout bid, saying the price offered by Elon Musk, the world's richest person, did not come close to the intrinsic value of Twitter given its growth prospects.