Elon Musk offers to buy Twitter for $43 billion

Stefan Mileschin · 15th April 2022, 09:57

Elon Musk has offered to buy Twitter for $43 billion, telling the SEC in a filing that the deal would be good for free speech. "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," he wrote. If the deal goes through, Musk plans to take the company private.

Musk made a "best and final offer" for $54.20 per share in cash (there's that 4.20 ref again), a premium of 54 percent over the January 28th closing price. Twitter's shares shot up 18 percent on the news. Musk implied that if the offer is rejected, he may dump some or all of his current position.

https://www.engadget.com/elon-musk-o...6.html?src=rss

15th April 2022, 09:57	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 148,652	Elon Musk offers to buy Twitter for $43 billion Elon Musk has offered to buy Twitter for $43 billion, telling the SEC in a filing that the deal would be good for free speech. "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," he wrote. If the deal goes through, Musk plans to take the company private. Musk made a "best and final offer" for $54.20 per share in cash (there's that 4.20 ref again), a premium of 54 percent over the January 28th closing price. Twitter's shares shot up 18 percent on the news. Musk implied that if the offer is rejected, he may dump some or all of his current position. https://www.engadget.com/elon-musk-o...6.html?src=rss

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