Suggest Elon Musk for buy Twitter for About 41 billion dollars in cash in a move who comes just Days after Tesla CEO turned down a seat on The social media company board.
Billionaire said social media The company you often criticize should go private To see effective changes.
Musk Show price of $54.20 per share disclosed in a regulatory deposit on Thursday, representing a 38% premium to Twitter’s April 1 shutdown, and last trading The day before the CEO of Tesla more of 9% stake in The company was made public.
The total The transaction value was calculated based on on 763.58 million shares Outstanding, according to Refinitiv data.
Twitter shares jump 12% in Before being put on the market trading.
“I invested in Twitter I think in It may be the platform for Freedom of expression around the world, and I believe that freedom of expression is a societal necessity for Active democracy, “Mask says in Deposit.
“However, since I made my investment, I now realize that the company will not thrive and will not serve this societal duty in that it current appearance. Twitter needs to turn into a file private company.”
Musk said the offer “is mine.” best And final Offer and if not accepted, I will need To reconsider my position as a shareholder.”
He said that Morgan Stanley was financial advisor for Display.
me made an offer https://t.co/VvreuPMeLu
– Elon Musk April 14, 2022
Twitter said it has received Musk’s offer and will decide if it is in The best Interests of Shareholders must accept or continue to operate as a publicly traded company.
Twitter Board of Managers will carefully review Suggestion for a course of The work he thinks in The best benefit of The company and all of Twitter’s shareholders.
Musk turned down an offer to join Twitter board Earlier this week after revealing his share in company, a move Analysts said it indicates its intention to acquire over The company as a board Seat will be limited to just Less than 15%.
Analyst Daniel Ives of He said and dabbush in One customer remarked that he thought “This TV series is going to end with Musk owns Twitter after this aggressive takeover of company.”
thought it would be hard for Any upcoming bidders or associations forward He said on Twitter board He will probably have to accept Musk’s offer or start Company sale process.
I’ve mobilized a billionaire over 80 million followers where joining Site in 2009 and used the platform to make several announcementsincluding provoking an attempt-private Deal for Tesla that landed it in Hot water with regulators.
Musk and Tesla in 2018 agreed to pay $40 million in Civil fines and for Musk approved his tweets by a corporate lawyer after he tweeted about his possession money to take Tesla private At $420 each share.
This didn’t happen but tweet caused Tesla stock price to jump. catch latest problem with The US Securities and Exchange Commission (SEC) could be delaying it in Notify the organizers of his growing share in Twitter.
Musk described himself as the “absolute of free speech” and said he didn’t think Twitter was alive up Principles of Freedom of Expression – Shared opinion followers of Donald Trump and the number of Other right-wing political figures who have had their accounts suspended for violating Twitter content rules.
musk also sued by former Twitter contributors who He claims they missed them out on at recent days run-up in its stock price Because he waited too long to reveal his share.
There will be a host of questions about financing, regulatoryHold time balancing (Tesla, SpaceX) in Coming days but eventually on This deposit is now or never bid for Twitter to accept,” Ives Wedbush said.
Less-than-expected user additions on Twitter in Recent months have raised doubts about her growth Prospects, even as you seek big Projects like voice chat rooms and newsletters to end the long-running stagnation.
“Twitter has extraordinary potential,” Musk said in his message.
