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.
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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. “
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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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