Elon Musk offered over $ 43 billion for buying Twitter

Elon Musk offered over $ 43 billion for buying Twitter

Elon Musk offered to buy Twitter at a price of $ 54.2 per share, follows from SEC documents. The billionaire called the offer “best and final”.

“I propose to buy a 100% Twitter shares at a price of $ 54.2 per paper, which is 54% higher than their cost the day before I started investing in the company, and 38% more than the day before my investments were announced publicly. My proposal is the best and final, if it is not accepted, I will have to revise my position as a shareholder, https://gagarin.news/news/visa-launches-a-program-for-nft-creatives/ ”the mask said in a statement.

According to CNBC, Twitter issued 800.64 million shares – the transaction value in case of approval will exceed $ 43 billion.

As a financial consultant, as part of the absorption, Mask was hired by the Morgan Stanley investment bank.

Justin San decided to kill Mask’s offer – the founder of Tron said that he was ready to purchase Twitter at a price of $ 60 per share.

In April 2022, Musk became the largest shareholder of Twitter, having bought 9.2% of the company’s securities for $ 2.89 billion. Earlier, the billionaire criticized the policy of freedom of speech of the social network.

Recall, the head of Tesla proposed reducing the cost of Twitter Blue and provide users with the ability to pay for premium service in Dogecoin (Doge).

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