Home » Elon Musk wants to buy 100% of Twitter for 43 billion dollars

Elon Musk wants to buy 100% of Twitter for 43 billion dollars

Elon Muskwhich recently acquired a 9.2% stake in Twitter, made an aggressive offer to buy the social network in its entirety for the price of $54.20 per sharewhich involves buying 100% of the company for around $43,000 million, an affordable cost considering his net worth of around $260,000 million.

The move comes after Elon Musk said his 9.2% stake was insufficient to change the current situation in the social networkand that the only way Twitter really allow freedom of expression is that it was 100% private.

Elon Musk

I invested in Twitter because I believe in its potential to be the platform for free speech in the world, and I believe that free speech is a social imperative for a functioning democracy.

However, since making my investment, I have realized that the business will not thrive and serve this social imperative in its current form. Twitter needs to be turned into a private company.

Accordingly, I am offering to buy 100% of Twitter for $54.20 per share in cash, a 54% premium to the day before my investment in Twitter, and a 38% premium to the day before. public announcement of my investment. 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 has extraordinary potential. I will unlock it.

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