Elon Musk Offers to Buy Twitter
April 14, 2022
Businessman Elon Musk has offered to buy Twitter, saying the social
media giant “needs to be transformed as a private company.”
is already Twitter’s largest shareholder, owning more than 9% of the
company, and a regulatory filing showed he offered $54.20 per share to
buy the rest.
That price would value the company at about $43 billion and represents a
38% premium above the stock’s closing price on April 1, the last trading
day before Musk bought his 9%.
"My offer is my best and final offer and if it is not accepted, I would
need to reconsider my position as a shareholder," Musk said.
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