Elon Musk the billionaire activist

Elon Musk offers to buy 100% of Twitter for $54 a share

 

 

Shared By Peter Boykin – American Political Commentator / Citizen Journalist

 

Elon Musk offers to buy 100% of Twitter for $54 a share.

 

Elon Musk the billionaire activist.

Elon Musk is looking to buy Twitter.

Elon Musk Wants to Buy Twitter for Over $40 Billion and Take the Company Private: ‘Made an Offer’

The Tesla and Space X CEO is offering to pay $54.20 per share for 100 percent ownership of the company

In the regulatory filing, Musk offered to pay $54.20 per share for 100 percent ownership of Twitter, and said that he wants to take the company private. The offer would value the social site at about $43 billion, per Bloomberg. The billionaire added that he would be reconsidering his role as a shareholder with the company if his offer was not accepted.

The Tesla CEO, who has a 9.2% stake in Twitter, offered to buy the social media platform for $54.20 a share

Here is what Musk wrote in a letter to Twitter Chairman Bret Taylor, as disclosed in a new SEC filing.

“I invested in Twitter as I believe in its potential to be the platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy.

However, since making my investment I now realize the company will neither thrive nor serve this societal imperative in its current form. Twitter needs to be transformed as a private company.

As a result, I am offering to buy 100% of Twitter for $54.20 per share in cash, a 54% premium over the day before I began investing in Twitter and a 38% premium over the day before my investment was publicly announced. My offer is my best and final offer and if it is not accepted, I would need to reconsider my position as a shareholder.

Twitter has extraordinary potential. I will unlock it.”

Here is the official filing:
https://www.sec.gov/Archives/edgar/data/0001418091/000110465922045641/tm2212748d1_sc13da.htmhttps://www.sec.gov/Archives/edgar/data/0001418091/000110465922045641/tm2212748d1_sc13da.htm

Twitter shares (TWTR) surged 13% in pre-market trading.

Twitter confirmed in a press release that it received Musk’s offer and said the board of directors “will carefully review the proposal to determine the course of action that it believes is in the best interest of the Company and all Twitter stockholders.”

“It would be hard for any other bidders/consortium to emerge and the Twitter board will be forced likely to accept this bid and/or run an active process to sell Twitter,” said Wedbush analyst Dan Ives.

Gab already is trying to get Musk just to help take down Twitter…

What do you 🤔 think? Is it a good deal? What would you like Elon to do with Twitter?

 

 

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