Elon Musk wants to buy the whole Twitter company

Elon Musk wants to buy the whole Twitter company

Elon Musk wants to buy the whole Twitter company

Elon Musk has offered to buy popular microblogging site Twitter for 43 billion Dollar. He assured the US Securities and Exchange Commission that the deal would improve free speech on Twitter.

Just a few days ago, Elon Musk bought Twitter shares worth about 3 billion Dollar. Wealthy Elon Musk currently owns 9.2 percent of the company's total shares. "Considering the potential future of the platform for global freedom of speech, I have invested in Twitter. I believe freedom of speech is a vital social element for a functioning democracy," said Elon Musk.

Elon Musk, who topped the list of the richest people in the world and often topped the list, now owns 9.2% of Twitter. A few days ago, in a tweet thread, Elon Musk wanted to create a social media. He said he wanted to do so to ensure maximum access to freedom of speech.

Elon wants to know how much Twitter supports freedom of speech through a Twitter poll. After that, Elon Musk bought a huge amount of shares on Twitter, surprising everyone. This share of Musk is more than the share of Jack Dorsey, co-founder of Twitter. Elon Musk is currently Twitter's largest shareholder.

Elon Musk uses Twitter regularly, as most Twitter users know. Elon is always on Twitter with various funny and engaging posts. Elon turned down an offer to join the board of directors after buying shares on the social media platform. This time he offered to buy his favorite platform.

Elon offers ক্যা $54.20 in cash per share, 20 percent more than the company's current opening price. This was followed by a 17% increase in Twitter shares almost immediately. Musk indicated that if the offer was rejected, he could drop part or all of his shares.

"I am offering to buy 100 per cent of Cash Twitter at হিসেবে $54 per share, which is a 54 per cent higher premium than the day before I invested in Twitter and a 36 per cent higher premium than the day before my investment was announced," Elon said in an official statement. "This is my best and final offer," Elon added.

In the same file, Elon points directly to Twitter chairman Brett Taylor. He writes, “I am not playing any kind of game here. I have reached my final decision on this matter. My proposed figure is high and the shareholders will definitely like it. ”

Elon Musk wants to buy the whole Twitter company

In a slightly threatening tone, Elon further stated in the same file that he lacks confidence in the current management of Twitter and that he will not be able to make the necessary changes to Twitter while in the public market. In that case, he would have to reconsider his position on Twitter as a shareholder. He further added that "this is not a threat, investment is not a good decision without the necessary changes."

Elon Musk wants to buy the whole Twitter company

The masquerade started with Twitter after he bought a 9.2% stake in the company, which we already know. After this investment, he was asked to sit on the board of directors, but he refused.

"After my investment, I realized that this company would not be able to guarantee or improve freedom of speech in the current context," Elon said in the SEC filing. Only by turning Twitter into a private company can its tremendous potential be unlocked. "

Interestingly, Elon Musk is already in the litigation of Twitter shareholders due to the 11-day delay in the official release of his 9.2% investment. In February 2021, Twitter had a maximum of $77 per share. It remains to be seen whether the shareholders will agree to Elon Musk's proposed price at a higher price than the current share price.

Twitter has confirmed the official existence of Elon Musk's offer. In a press release, Twitter said the board of directors was reviewing the proposal to consider whether the outcome would be good for the company and all stakeholders.

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