The richest person in the world, Elon Musk, bought 9.2% of the popular social media platform Twitter for approximately three billion dollars last week with a surprise decision. After that, it was reported that Musk would enter the company’s board of directors. However, later news showed that this would not happen.
Today, however, there has been an even more interesting development in this regard. 50-year-old Musk showed that he wanted to buy Twitter completely with an application he made to the US Securities and Exchange Commission. In this document, it was revealed that SpaceX and Tesla CEO wanted to buy Twitter for $ 54.20 per share for a total of $ 43.4 billion. Now, there have been some developments on this issue.
“If Twitter doesn’t accept my offer, I have a plan B”
According to the Wall Street Journal report, Musk attended a TED conference a few hours after the publication of this document. He made statements on Twitter. The famous businessman stated that he wanted Twitter to be a platform that allows freedom of expression, as he did in his previous statements.
The 50-year-old billionaire also underlined in his statements that he has enough assets to buy Twitter as a whole. It was also stated in Musk’s statements that he had a ‘B’ plan if Twitter did not accept this offer. However, no details were given about what this plan was. Also, the news showed that Musk is no longer Twitter’s biggest investor. According to the statements, the investment company Vanguard Group increased its shares recently, owning 10.3% of Twitter and demoted Musk from the summit.
Finally, in the news of the Wall Street Journal, it was reported that a move may come from Twitter regarding Musk. According to the information received, Twitter is considering taking measures to prevent Elon Musk from significantly increasing his stake in the company. There are no details yet about how these measures will be taken.
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