Elon Musk wants to buy Twitter in full – he’s willing to spend $ 40 + billion on it
On April 4, it was announced that Elon Musk had bought a 9.2% stake in Twitter for $ 2.89 billion, making him Twitter’s largest shareholder.
1 hour ago we heard that Musk wants to buy Twitter completely. The richest man in the world has made quite a rich offer for this.
Elon is ready to pay $ 40 + billion for the full acquisition of Twitter. It is noteworthy that after acquiring a 9.2% stake, Musk was invited to serve as a board member on Twitter, although he resigned from his position on the very first day. On April 4, it was announced that Musk had scheduled a meeting with the Twitter board. On April 5, the CEO of Tesla and SpaceX said he was “looking forward to working with the Parag & Twitter Board to significantly improve the social network in the coming months.” But, on April 9, when he was finally to become a member of the council, he made the opposite decision.
In a letter to Bret Taylor, Musk noted that the company was no longer promoting freedom of speech and it would be better for the company if it passed into the hands of a private owner.
In a report to the US Securities and Exchange Commission, Musk said he was ready to buy Twitter for $ 54.20 a share, for a total of $ 41.4 billion. It should be noted that Musk is ready to pay 54% more per share per share on Twitter at the time of the closing of the exchange on February 28. At this price, Musk will be able to buy 763.58 million shares of Twitter shares