Elon Musk want to Buy Twitter, Yes you read it correctly, Elon Musk has made a “best and final” offer to buy Twitter, saying the company has extraordinary potential and he will unlock it.
Elon Musk, world’s richest man will pay $54.20 (approx. Rs. 4,120) per share in cash, representing a 54% premium over the 28th January.
Closing price and a value of about $43 billion (approx. Rs. 327421.35 crore).
The Twitter’s shares soare 18%.
Elon Musk announce this offer in a filing with the US Securities and Exchange Commission.
Elon Musk also own Tesla, first disclose a stake of about 9% on 4th April 2022.
The executive is one of Twitter’s most-watch firebrands, often tweeting out memes and taunts to @elonmusk’s more than 80 million followers.
He has been outspoken about changes he’d like to consider imposing at the social media platform, and the company offer him a seat on the board following the announcement of his stake, which made him the largest individual shareholder.
After his stake became public, Elon Musk immediately began appealing to fellow users about prospective moves, from turning Twitter’s San Francisco headquarters into a homeless shelter and adding an edit button for tweets to granting automatic verification marks to premium users.
One tweet suggest Twitter might be dying, given that many celebrities with high numbers of followers rarely tweet.
Elon Musk can afford it.
Elon Musk currently worth about $260 billion (approx. Rs. 19,21,486 crore) according to the Bloomberg Billionaire’s Index, compare with Twitter’s market valuation of about $37 billion (approx. Rs. 281749.45 crore).
