Billionaire Elon Musk needs to purchase Twitter for $41.4 billion

by viral Techno April 14, 2022, 2:27 pm 22 Views

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Tesla CEO Elon Musk has made a money provide to purchase Twitter, simply days after declining the corporate's invitation to affix its board.

Musk lately acquired a 9.2% stake within the firm, making him the most important particular person shareholder. On Thursday he revealed a deposit with america Securities and Trade Fee providing a full takeover for $54.20 per share in money, or a complete of $41.4 billion.

The provide represents a 38% premium to Twitter's April 1 closing worth.

In a memo to Twitter Chairman Bret Taylor, Musk wrote that he believed within the firm's “potential to be the platform without cost speech world wide.” However he stated adjustments have been wanted for him to thrive.

“Twitter has extraordinary potential. I'll unlock it,” Musk wrote.

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