Elon Musk has submitted a $ 41 billion offer to buy 100% of Twitter. The news was released by Bloomberg. The Tesla CEO’s goal is to take full control of the company’s share package and subsequently aim for the de-listing of the social network from Nasdaq, thus withdrawing it from listing on the stock exchange.
The move comes just days after the Tesla founder bought more than 9% of the social network, who is now offering $ 54.20 per share to buy the rest of the stake in the social network founded by Jack Dorsey.
Finance
Elon Musk is the largest shareholder of Twitter, with 9.2%. Here are the others
by Carlotta Scozzari
A few days ago the refusal to join the Twitter board, while today Musk explains in a letter sent to Twitter president Bret Taylor: “I invested in Twitter because I believe in its potential to be the platform for freedom of speech all over the worldand I believe that free speech is a social imperative for a functioning democracy. ”Taking his seat on the board, in fact, would have prevented him from acquiring the company.
Social network
Elon Musk has given up joining the Twitter board: “I will have a passive participation”
by Emanuele Capone
The effect on Twitter’s share price is immediate, which in the pre-market on the Nasdaq mark a + 11.45% (at $ 51.10). Musk’s offering price per share represents a 38% premium at Twitter’s close on April 1, the last day of trading before Tesla founder ‘s acquisition of 9% of Twitter shares was made public. . “My offer is my best, but it will also be my last if it is not accepted. I would need to reconsider my position as a shareholder,” he said. Musk.
The future of Twitter and Musk’s worrying rise
by Riccardo Luna
