Elon Musk offered to purchase Twitter in just days, after he had rejected a spot on the board. According to Reuters, Musk made the ‘best and last’ offer to Twitter. He will pay $54.20 for each share in cash. This totals out to $43 billion.
“Since I made my investment, I realize that the company won’t thrive or serve this societal imperative as it is now. Musk sent a letter to Bret Taylor, the Twitter chairman, stating that Twitter must be transformed into a private business.
He said, “My offer was my final and best offer. If it’s not accepted, then I would have to reconsider my position in the company as a shareholder.”
Twitter’s largest shareholder is Elon Musk
This development follows Musk’s disclosure that he acquired 9.2 percent of the platform through regulatory filing. He was then offered a place on Twitter’s Board of Directors. I’m thrilled to announce that @elonmusk has been appointed to our board. In a tweet, Parag Agarwal, Twitter CEO wrote that Elon had been in contact with him over the past weeks and it was clear that he would be a great asset to our Board.
Elon has joined the Twitter board and I am so happy! In a response to this development, Jack Dorsey, Twitter founder, wrote that he cares deeply for our world and Twitter’s role.
Elon Musk refuses to take a place on Twitter’s board
Musk announced that he had decided to leave Twitter’s board of directors a week later. Elon announced that Elon had resigned from the board after Elon was appointed to it on 4/9. “I believe that this decision is best…Elon, our largest shareholder, will continue to be open for his suggestions,” Agarwal wrote in a Twitter post explaining the move.
“I can do it if possible,” Musk said at the conference when asked if he could actually afford to buy Twitter, adding that he has “sufficient assets” to carry out such a deal, amid doubts that he has enough liquidity given almost all his wealth is tied up in SpaceX and Tesla stock.15 hours ago
Elon Musk offers to buy Twitter for $43 billion One of the world’s richest men delivered a letter to the company with a proposal to acquire all outstanding shares of Twitter for $54.20 each, according to a filing with the Securities and Exchange Commission published Thursday.14 hours ago
Speaking at the 2022 TED conference in Vancouver on Thursday, Musk was asked why he wants to buy Twitter: “My strong, intuitive sense is that having a public platform that is maximally trusted and broadly inclusive is extremely important to the future of civilization,” Musk said.10 hours ago
Elon Musk offered to purchase Twitter in just days, after he had rejected a spot on the board. According to Reuters, Musk made the ‘best and last’ offer to Twitter. He will pay $54.20 for each share in cash. This totals out to $43 billion. “Since I