Rajkot Update News Elon Musk has offered to buy Twitter for $ 41 billion. Elon Musk announced in a regulatory filing on Thursday, represents a 38% premium to Twitter’s April 1 closure.
- The stock closed at .8 45.85 on Wednesday.
- Elon Musk’s offer price per share is $ 54.20
- Twitter net worth will be around $ 37.64 billion.
- Elon Musk has offered to buy Twitter for about $ 41 billion, saying the social media company he has repeatedly criticized needs to go private to see effective changes.
Elon Musk’s offer price of $ 54.20 per share, which was announced in a regulatory filing on Thursday, represents a 38% premium to Twitter’s April 1 closure, the day before the Tesla CEO announced more than 9% stake in the company.
According to referential data, the total deal value was calculated based on the remaining 763.58 million shares.
Musk turned down an offer to join Twitter’s board earlier this week after announcing its stake in the company, a move that analysts said showed its intention to take over the company as a board seat, with its stake at just under 15%.
Musk said in a letter to Twitter chairman Brett Taylor: “After my investment, I now realize that the company will neither develop nor serve these social needs in its current form. Twitter needs to be transformed into a private company. “
Elon Musk “My offer is the best and final offer and if it is not accepted, I will need to reconsider my position as a shareholder.”
Twitter did not respond to a request for comment from Reuters.
Since joining the site in 2009, Musk has garnered more than 80 million followers and used the platform to do a number of ads, including teasing a go-to private deal for Tesla that landed it in hot water with regulators.
Elon Musk said Morgan Stanley was the financial adviser for the offer.
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