Elon Musk considers launching public bid process for Twitter


Tesla and SpaceX CEO Elon Musk is considering whether to initiate the public bid process to buy Twitter shares.

Elon Musk received a letter of guarantee of approximately 46.5 billion dollars for financing. Twitter has not yet made a statement on the subject.

Twitter shares were up 0.3 percent at $46.88 in New York.

Musk, who previously bought a 9.2 percent stake in Twitter, made an offer of $54.2 per share for the entire Twitter, in a notification he made to the US Securities and Exchange Commission on April 14.

Twitter took a so-called “poison pill” action on April 15, after Elon Musk made an offer to buy the whole of Twitter for about $43 billion. The company’s board of directors unanimously approved the limited-term shareholder rights plan.

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