Tesla founder offers to buy out Twitter
Elon Musk, the millionaire builder of Tesla electric cars has made an offer to buy out the social media network of Twitter:
The world’s richest man, Elon Musk, has made an offer to buy the entire Twitter corporation and remove it from public trading. His “best and final” offer of $54.20 per share values the firm at $41 billion.Here's some more:
The world’s richest man is officially launching his bid for a hostile takeover of one of the most censorship-obsessed Big Tech platforms in the country!Musk did the right thing not to take up a board role, and now, if he can buy Twitter, there's a chance he can turn things around. Something that no doubt angers many leftists. We'll see how well this goes in the future. Many congratulations to Musk for what he's working on.
Bloomberg News reported Thursday morning that Tesla CEO Elon Musk is “saying the company has extraordinary potential and he is the person to unlock it.” The value of the offer, according to Bloomberg, amounts to a whopping $43 billion. Musk announced the move in a filing with the U.S. Securities and Exchange Commission. Musk also tweeted that, “I made an offer.”
This follows Musk’s cryptic rejecting of a seat on Twitter’s board of directors after his purchase of a massive 9.2 percent stake in the platform. CNBC reported recently that “[i]f Musk had joined the board, he would not be able to acquire more than 14.9% of the company’s shares.”
Labels: communications, United States
