Elon Musk said in a filing with the SEC that he would offer to buy Twitter, shortly after becoming the company’s largest shareholder.
John Raoux / AP
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John Raoux / AP
Elon Musk said in a filing with the SEC that he would offer to buy Twitter, shortly after becoming the company’s largest shareholder.
John Raoux / AP
Last week, Elon Musk became the biggest person on Twitter shareholder. Tesla and SpaceX CEOs will join the board of Twitter – then he doesn’t.
Now a billionaire providing to buy the company for $43 billion – $54.20 per share – in cash, according to a submit the application as prescribed posted Wednesday.
Musk says he believes in the potential of Twitter and that the social media company needs to be transformed.
“My offer is my final and best offer and if it is not accepted, I will need to reconsider my position as a shareholder,” Musk said in the filing. (He owns more than 9% of Twitter.) “Twitter has phenomenal potential. I’ll unlock it,” Musk added.
“I invested in Twitter because I believe in its potential to be a platform for free speech globally, and I believe that free speech is a social imperative for a functioning democracy. move,” he said.
Twitter said it received an “unsolicited” offer from Musk.
In statementThe company said its board “will carefully review the proposal to determine a course of action that it believes is in the best interest of the Company and all Twitter shareholders.”
Musk’s $54.20/share offer is 38% higher than Twitter’s stock value the day before his investment went public and 18.2% higher than today’s closing price. Wednesday. Twitter shares were up more than 10% in pre-opening trading on Thursday.
