Elon Musk, the CEO of Tesla, has offered to buy Twitter for $54.20 per share, valuing the company at $43 billion.
He believed that Twitter would have extraordinary potential for freedom of speech. Thus, he was interested in buying this platform, offering his best hostile takeover bid of $43 billion. The announcement was made recently by filing with the US Securities and Exchange Commission (SEC). He will pay $54.20 per share, valuing the deal at $43.4 billion, soaring 54 percent over the closing price on January 28th.
As part of the filing, Elon Musk said,
"I will offer to buy all of Twitter for $54.20 per share in cash, a 54 percent premium over the day before I purchased Twitter and a 38 percent premium over the day before I announced my investment." "My offer is my final and best proposal."
Also, he added that it's the best and final offer for Twitter. And if the company rejects his proposal, he will reconsider his position and investment in Twitter. He also said that,
I'm not making any threats against Twitter. It's a high price for Twitter, but its shareholders will love it.
Twitter has confirmed today that its board of directors has received the Elon Musk proposal. They will carefully review the receipt and decide what action is in the best interest of Twitter and all its stockholders.
Elon Musk and the Twitter drama have just happened recently. It's not more than a week but seems to be a month of planning and discussion. However, it all started with Elon Musk's investment in this social platform.
These articles are only for you!
- Top 5 YouTube Vanced alternatives!
- How does Google AI Photo Upscaling work?
- Twitter's edit button is now available: How to turn it on?
- 10 Amazing Google photos features in 2022
Elon Musk prioritizes freedom of speech for a while and makes a notable tweet, blaming the social networking company. In a recent post, he criticized Twitter again, writing that the social network is dying and that many of the following accounts don't post regularly.
Elon Musk recently bought 9.2% of the Twitter stock, making him the largest stakeholder of this social media company. The stock price of this company went up by more than 33% due to his investment. Most recently, Twitter CEO Parag Agarwal made a public announcement on April 4th to seat Elon Musk as a board director. Twitter decided to make him the director by looking at his perseverance and harsh criticism of the social network. But within a few days, he rejected becoming a board member of Twitter.
On the other hand, Elon Musk's criticism and jokes against Twitter's appearance are noteworthy. He created poll after poll asking his fellow fans about the downsize of Twitter and whether a Twitter edit button is necessary or not.
Elon Musk's poll got several votes and became so popular that even the Twitter CEO requested everyone to vote.
Elon Musk's poll has acquired 3,482,213 votes, with more than 73.4 percent of respondents agreeing to have an edit button on Twitter. Twitter's most requested edit button will be functional in Twitter Blue, a premium Twitter subscription located in a few countries. The Twitter edit button has been the most requested feature for many years. The company is working to find a secure way to create edit tweet options without time limitations, control, and clarity of what should be edited.
The finest Tv buying guide of 2022:
- Is the LG C2 OLED TV still your best option?
- TCL has introduced low-cost 4K televisions in India.
- Don't purchase an LG G2 OLED TV until you've read this!
- Samsung the frame 2022 may surprise you!