Elon Musk wants to buy Twitter
Elon Musk, the richest person in the world and the CEO of Tesla and SpaceX, has made an offer to buy all of Twitter's shares and to remove the company from the stock market. Musk offered $ 54.20 per share in a financial transaction that could cost him around $ 43 billion. The proposal is contained in a letter sent Wednesday April 13 to Twitter and in a document presented earlier today to the financial market control authorities in the United States.
I made an offer https: / /t.co/VvreuPMeLu
– Elon Musk (@elonmusk) April 14, 2022
In the documents Musk says that the offer is the “best and last” possible and that in the event of a rejection “I should reconsider my position as a shareholder.” Last week it emerged that Musk had acquired 9.2 percent of Twitter's stock, becoming its largest shareholder. He later gave up on joining the company's board of directors after saying for days that he was interested in the position which included a clause not to exceed approximately 14 percent of the company's shares.
Twitter responded with a short statement confirming that it has received the offer and announcing that it wants to discuss it already today in the board of directors, but it is not clear if a decision will be made already during the day.
Although with fewer users and fewer annual revenues than Facebook, Twitter is one of the largest and most important social networks in the world, with just over 200 million subscribers using it daily. Twitter has struggled to renew itself, but at the same time it has become an important resource for current news and information, thanks to the presence of state leaders, public figures and famous people in various sectors.