Elon Musk has made an offer to buy Twitter outright, valuing the company at $43.4 billion, according to an SEC filing
New York/London Elon Musk has made an offer to buy Twitter and take it private, saying he believes it needs to be"transformed."
According to an SEC filing, Musk has offered to acquire all the shares in Twitter he does not own for $54.20 per share, valuing the company at $43.4 billion. That represents a 38% premium over the closing price on April 1, the last trading day before Musk disclosed that he had become Twitter's biggest shareholder, and an 18% premium over its closing price Wednesday.
Twitter responds to Elon Musk not joining its board 03:03Musk did not disclose how he intends to fund his purchase. He said he has hired Wall Street giant Morgan Stanley as his financial advisor for the transaction. Although Musk is the richest person on Earth, most of his $274 billion net worth is tied up in his holdings in publicly-traded Tesla and privately-held SpaceX, and he has been reluctant to sell shares of Tesla beyond what he needed to sell in order to pay taxes.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Elon Musk offers to buy Twitter for $43 billion in cashBREAKING: Elon Musk has offered to buy Twitter for $54.20 a share in cash, or about $43 billion, according to documents filed with the SEC.
Leer más »
Elon Musk offers to buy Twitter for $43 billion | EngadgetElon Musk has offered to buy Twitter for $43 billion, telling the SEC in a filing that the deal would be good for free speech..
Leer más »
Elon Musk offers to buy 100% of Twitter for $43 billionElon Musk made a proposal to buy the remaining shares of Twitter that he doesn't already own, offering $54.20 per share of the company's stock.
Leer más »
Elon Musk offers to buy Twitter for $43 billionDescribing Twitter as having 'extraordinary potential,' Musk said his unsolicited bid is his 'best and final offer.'
Leer más »
Tesla CEO Elon Musk offers to buy Twitter for $43 billionElon Musk is offering to buy Twitter for $43 billion, saying the social media platform he has criticized for not living up to free speech principles needs to be transformed as a private company.
Leer más »
Tesla CEO Elon Musk makes offer to buy Twitter in cash dealElon Musk is offering to buy Twitter just days after it was reported he would no longer be joining the social media company's board of directors.
Leer más »