Elon Musk considers launching public bid process for Twitter

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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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