Tesla founder and CEO Elon Musk wants Twitter entirely and, after buying a stake in social media equal to 9.2%, launches an offer on the capital equal to $ 54.20 per share.
In early April, the SEC had announced the news of a 9.2% stake in Twitter acquired by Tesla’s CEO. The quotations of the social platform are triggered in the pre-market on Wall Street by about 12%.
In the letter Musk sent to Twitter President Bret Taylor, it reads: “I am offering to buy 100% of Twitter for $ 54.20 per share in cash, with a premium of 54% over the value at which the stock closed. the day before my initial Twitter investment and at a 38% premium compared to the day before my investment was publicly announced. My offer is the best I can offer and it is the last offer. In case it is not accepted , I should reconsider my position as a shareholder. Twitter has enormous potential, which I will unlock. “