Billionaire Elon Musk wants to buy all of Twitter for $43 billion
With the aforementioned share price, the amount of the transaction will fall to about 43 billion USD. Immediately, shares of Twitter rose 12% at the close of trading on April 13, closing at 45.85 USD/share.
In a letter to Twitter President Bret Taylor, Musk said:I invested in Twitter because I believe in its potential to be a platform for free speech around the world, and I believe that free speech is an overt imperative to a democracy. is active. However, after I have invested my money, I understand that the company will neither prosper nor serve this public imperative in its current form. Twitter needs to be turned into a private company.”
“Therefore, I am offering to buy 100% of Twitter shares at $54.20/share in cash, with a 54% premium in the day before I start investing in Twitter, as well as the 38% premium the day before the announcement I made the investments public. This is my final and best offer, and if it is not accepted, I will have to reconsider my position as a shareholder.”Elon Musk added.
According to Elon Musk, Twitter has special potential and he will try to unlock it.
Last week, Elon Musk bought a 9.2% stake in Twitter, making him the company’s largest shareholder. He was supposed to become a board member on April 9, but on the morning of the same day, Musk announced that he would no longer be a member of the board. Then, Musk decided to turn Twitter’s headquarters into a homeless shelter and asked his readers what they thought of it.
With the potential that is available, if Elon Musk becomes the owner of Twitter, it will not be too surprising. Twitter shares are up 6% this year and 18.5% since the start of the month.
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