Elon Musk, who was announced to have bought 9.2% of Twitter with the documents published on April 4, was later announced to be included in the board of directors, but gave up on this earlier this week, it seems that he will not be on the agenda with Twitter in the near future. Because the new documents released today showed that Musk took the subject a step further .
Elon Musk’s new application to the US Securities and Exchange Commission, published recently, includes an offer to completely buy Twitter . According to the details in this incredible document, Musk offered to pay $54.20 per share to buy the whole of Twitter. In other words, Musk announced that he wants to buy Twitter for a total of 43.4 billion dollars .
“I understand that Twitter will not evolve in its current form”
The document is a disclosure that Elon Musk sent to Bret Taylor Also included in the e-mail. In this email, Musk used the following statements:
“I invested because I believe in Twitter’s potential to be a worldwide free speech platform, and I believe freedom of speech is a societal imperative for a functioning democracy. However, since I made my investment, I understand that the company will neither thrive in its current state nor will it serve this societal imperative . Twitter needs to be transformed into a private company.
All in all, 100% of Twitter for $54.20 per share in cash, 54% premium and investment for the day before I started investing in Twitter I offer to buy for 38% premium for the day before public release. My offer is my best and last offer and if it is not accepted I will have to reconsider my position as a shareholder. ”
Twitter shares skyrocketed instantly:
Elon Musk bid to buy Twitter and quote a share value for Twitter Twitter shares started to fly. Even before the exchanges were open for trading, Twitter shares were up 11% and the price per share exceeded $51. Exchanges open at 16:00 CEST in the USA.