Billionaire Elon Musk offers to buy all of Twitter for $43 billion

According to Bloomberg news agency, Billionaire Elon Musk offered to buy back 100% of the shares of Twitter at $54.2/share to fully own this social networking site. Thus, the total value of the “outright” purchase of Twitter that Mr. Elon Musk proposed falls to about 43 billion USD. And if the deal closes, Twitter will be the billionaire’s own company.

Earlier, Mr. Elon Musk was invited to the Twitter board. This billionaire currently holds 9.2% of Twitter shares with a total value of up to $ 2.9 billion at the closing trading price on April 1, and is the largest shareholder of Twitter.

Musk on April 9 also outlined a number of changes to Twitter’s new paid subscription service, Twitter Blue, including reducing prices, banning ads and providing the option to pay in Dogecoin. (DOGE), a cryptocurrency or digital currency developed on the Litecoin platform.

Billionaire Elon Musk. (Photo: AP)

The move comes just days after billionaire Elon Musk, Twitter’s largest shareholder, decided not to join the social media company’s board.

Billionaire Musk, CEO of Tesla Corporation, in March said he was “seriously thinking” about building a new social media platform. He made the statement on Twitter on March 26, in response to a user’s comment asking him if he was considering building an open source social media platform.

Thus, besides electric cars and space tourism, billionaire Elon Musk is interested in entering the media business. If Tesla’s boss decides to go with the idea, he will join a growing group of tech companies looking to attract users from the Twitter, Facebook and YouTube platforms.

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