The speculation wasn’t all that crazy. Refusal son sits on the board of directors of Twitter, Elon Musk really cooked grand kick. The Tesla CEO just announced that he wants to buy all of Twitter. Network social on which he returned 9.2% of the capital two weeks ago, will not have the means to negotiate: he will either accept the offer (at the sale price of Elon Musk), or refuse it. But in this case, Elon Musk says he will sell all his shares.
Elon Musk wants to buy Twitter
Definitely, Elon Musk and Twitter keep talking about them. Everything goes back to last week, April 4th, when on learns that the CEO of Tesla and SpaceX is now the majority shareholder of the network social. Very soon businessman shows son desire for change: the potential appearance of the famous “edit” button, the introduction possible Dogecoin as a means of payment… In the days following the news about son After taking over 9.2% of Twitter shares, Elon Musk is offered a seat on the platform’s board of directors. What he accepts… then refuses. Which was for the best, according to Parag Agrawal, Twitter boss. We wondered if the quirky billionaire was actually going to take control of the network. social. The answer came this morning: Elon Musk is offering to buy 100% Twitter and take the company off the stock market.
No negotiations
So son refusal to participate in the board of directors assumes all son meaning. Elon Musk could not own more than 14.9% of Twitter’s capital if he agreed. Therefore, he cannot offer to raise his shares to become the majority shareholder…or even offer to take it 100%. According to AFP CEO of Tesla and SpaceX offered to buy the entire network social and as a result take the company off the stock exchange. His offer: buyback up to $54 per share, i.e. total in the amount of 40 billion dollars. Twitter’s share price was $47 at the close yesterday. The amount is tidy, but which the entrepreneur can afford: his fortune has reached $260 billion. However, according to the press agency, Elon Musk does not want to negotiate. He has a heavy weapon with him: his 9.2% threaten to be resold if Twitter ever refuses son an offer to buy back all the shares. Departure of the CEO of Tesla in the capital of the network social may have the opposite effect son arrival, i.e., the fall of the exchange price. In the eyes of a rambunctious businessman, Twitter must be liberated in order to flourish and exploit everything. son potential. The liberation that will of course come through this titanic grip that will rhyme, perhaps with a new organization and new services.on learn. Presently direction from Twitter did not respond to Elon Musk’s offer to purchase. It’s hard to predict the future of the web right now social.
