Elon Musk offers to buy Twitter at $54.20 per share.
Tesla and SpaceX CEO Elon Musk once again came to the fore with the social media giant Twitter. According to an emerging US Securities and Exchange Commission (SEC) document, Musk made an offer to buy Twitter for $54.20 per share.
The billionaire sent a document Thursday to Twitter’s chairman, Bret Taylor, saying he should “consider his position as a shareholder” if the offer is not accepted. The document also states that the price in question is 54% compared to the day before investing in Twitter; It was stated that there was a 38% premium compared to the day before the investment was announced to the public.
This move comes after Musk said he would not join Twitter’s board of directors after buying a 9.2% stake. This is a move that prevents Musk from increasing his Twitter stake above 14.9%.
Twitter shares (TWTR) gained more than 10% on the news.
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