American billionaire Elon Musk has offered to buy Twitter for about $41 billion in cash, saying the social media company he has often criticised needs to go private to see effective changes..
Musk offered a price of $54.20 per share, Reuters reports. The price, which was disclosed in a regulatory filing on Thursday, represents a 38% premium to Twitter’s April 1 close, the last trading day before the Tesla CEO’s more than 9% stake in the company was made public.
I made an offer https://t.co/VvreuPMeLu— Elon Musk (@elonmusk) April 14, 2022
The total deal value was calculated based on 763.58 million shares outstanding, according to Refinitiv data.
Musk rejected an offer to join Twitter’s board earlier this week after disclosing his stake in the company, a move that analysts said signalled his intention to take over the company as a board seat would have limited his stake to just under 15 percent.
“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,” Musk said in a letter to Twitter Chairman Bret Taylor.
“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 added.
Apostle Suleman Explains Secret Behind Eating In A Dream That Alot Of Christians Don’t Know About (Details below)
Funny Moment As Single Ladies Gather Together In A Church And Request A Husband From God With This Song “Carry Me Go My Husband’s House” (Video below)
FG Exposes Those Behind Killings And Shootings In South East (Details below)
Bauchi Students Give Governor Mohammed 48 Hours To Release Student Leader Detained Over Facebook Post (Details below)
“Nothing Last Forever” – This Is The Private Bedroom Of Alhaji Busari Adelakun Where Men Fear To Enter (Photos below)
Rita Dominic’s Business Partner, Mildred Speaks On Fidelis Anosike’s Alleged Infidelity And Marriage Crisis
Lady Shocked As She Walks In To See Her Baby Boy Tied To Her Husband’s Waist As He Sleeps (Video below)
6 Gang Members Gang Rape Lady In Oyo, Release Nude Pictures And Video Online (Details below)
- Lifestyle1 day ago
END TIME: Secondary School Students Caught Knacking In Their School Uniform (Details below)
- Entertainment2 days ago
Davido Issues Stern Warning To Isreal DMW After He Praised Wizkid
- Lifestyle2 days ago
“Although He’s 21 Years Older Than Me, He Says He Will Kill Himself If I Don’t Marry Him” – Lady Narrates (Details below)
- Celebrity Gossip & Gist1 day ago
Who Is Bobrisky’s Husband? Fans Hilariously Ask As Pregnant Bobrisky Pops Up (Photos below)