Elon Musk

Elon Musk offered to buy Twitter for $54.20 a share, saying the social media company needs to be transformed privately.

My offer is my best and final offer and if it is not accepted, I would need to reconsider my position as a shareholder. "My offer is my best and final offer and if it is not accepted, I would need to reconsider my position as a shareholder." The Tesla CEO has previously criticized the social media giant publicly, polling people on Twitter last month about whether the company abides by free speech principles. I invested in Twitter as I believe in its potential to be the platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy. CNBC's David Faber reported on " Squawk on the Street" that Twitter's board will meet at 10 a.m. to evaluate the bid, per people familiar. "I invested in Twitter as I believe in its potential to be the platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy," Musk wrote in a letter sent to Twitter Chairman Bret Taylor and disclosed in a securities filing.

Bid of $54.20 a share for social media company comes after Tesla boss became its largest shareholder.

Elon Musk has made a “best and final” offer to buy Twitter, saying the company has extraordinary potential and he will unlock it.

The offer price also includes the number 420, widely recognized as a coded reference to marijuana. Twitter needs to be transformed as a private company”. The social media company’s shares soared 18%.

The billionaire boss of SpaceX and Tesla is an avid Twitter user and boasts over 80 million followers. Musk's offer price for Tesla is $54.20 per share. That ...

‘As a result, I am offering to buy 100 per cent of Twitter for $54.20 per share in cash, a 54% premium over the day before I began investing in Twitter and a 38 percent premium over the day before my investment was publicly announced. In the letter, Musk told Bret Taylor, the Chairman of the Board: ‘I invested in Twitter as I believe in its potential to be the platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy.’ That represents a 38 per cent premium to the closing price of Twitter’s stock on April 1 – the day before his 9 per cent investment was publicly announced. Musk bought a 9.2% share in Twitter earlier this month, but rejected a seat on its board leading to speculation he is considering a hostile takeover. In a letter, he said the social media company needs to be transformed privately. The world’s richest man has made a ‘best and final’ offer to buy the social media platform, saying the company has extraordinary potential and he will unlock it.

Twitter has extraordinary potential. I will unlock it" declares the Tesla and SpaceX chief.

In 2018, he offered to take Tesla private for $420 a share. My offer is my best and final offer and if it is not accepted, I would need to reconsider my position as a shareholder. After the past several days of thinking this over, I have decided I want to acquire the company and take it private.”

Mr Musk announced recently that he had bought just under 10 per cent of the company, making him its biggest shareholders. He was offered and initially accepted ...

Or was it just a well-informed guess? Twitter has 77.75 million users in the United States, while the population of the country is 329.5 million. Had Mr Musk suggested something like this was coming? “There will be distractions ahead, but our goals and priorities remain unchanged,” he concluded. It did not give a deadline or any indication of what it might do. Mr Musk announced recently that he had bought just under 10 per cent of the company, making him its biggest shareholders.

If you think Musk's $43 billion offer will unlock a bidding war, you should buy Twitter stock. Tesla shareholders should look out below because Musk might ...

In theory, Tesla could acquire Twitter. But more likely, Musk will pay for the company himself — and one way to finance that would be to sell Tesla shares — which are down 1.7% in pre-market trade. One analyst thinks that another possibility is to borrow the money. Twitter needs to be transformed as a private company,” he wrote. He threatened to sell his shares if Twitter does not accept his offer. Musk has offered to buy the rest of Twitter that he does not already own for more than $43 billion. A week ago, I argued that Elon Musk should not take Twitter private for $41 billion.

Musk's offer price of $54.20 per share represents a 38 percent premium to the closing price of Twitter's stock on April 1.

E. lon Musk has surprised the world with a $43 billion bid for Twitter. The Tesla billionaire announced a $54.20 per share cash offer on Thursday (April 14), ...

In takeover situations like these, investors often look to a company’s board for guidance. For any takeover bid to be successful, it must win the approval of investors. The biggest investor in fund management giant Vanguard, which holds a 10.3% stake. That suggests he would sell his $2.9 billion chunk. Filings list the source as “other”, suggesting it won’t be solely - or perhaps any - of Musk’s money. In a letter the board accompanying the bid, Musk wrote: “I invested in Twitter as I believe in its potential to be the platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy.

Should his offer, which was presented as final, be rejected, Musk has threatened to reconsider his position as a shareholder. “This is not a threat, it's simply ...

“It would be hard for any other bidders/consortium to emerge and the Twitter board will be forced to accept this bid and/or run an active process to sell Twitter.” However, this unsolicited bid—which is not a formal hostile takeover—is not a guarantee that Musk will take over the company. This would dilute the value of Twitter stock, allowing other shareholders to ramp up their investments at a discount. “Anyone could walk away from the offer,” says Timothy Galpin, senior lecturer in strategy and innovation at Oxford Saïd Business School. “It may be that he decided to back out, or the Twitter shareholders don’t approve it. “This is not a threat, it's simply not a good investment without the changes that need to be made,” he said. “Ultimately, we believe this soap opera will end with Musk owning Twitter after this aggressive hostile takeover of the company,” Dan Ives, a tech analyst at investment firm Wedbush Securities, wrote in a note published after the announcement. Musk did not respond to emailed and tweeted requests for comment.

Do not expect shareholders to sell out at a price so far from its recent all-time high.

Elon Musk Thursday announced a $43 billion takeover offer for Twitter after having already bought a sizable stake in the social media company.

Musk has been a vocal proponent of greater levels of free speech, particularly on social media. "The Twitter board of directors will carefully review the proposal to determine the course of action that it believes is in the best interest of the company and all Twitter stockholders,” the company said in a statement. "Twitter needs to be transformed as a private company," he said, adding that his $54.20-a-share bid for Twitter was his "best and final offer."

Tesla boss faces obstacles in his audacious effort at a hostile takeover of the social media group.

Musk's offer comes after the Tesla and SpaceX CEO became Twitter's largest shareholder. Musk says he will unlock Twitter's potential.

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Tesla CEO Elon Musk is offering to buy 100 percent of the company in an updated 13D filing. He's offering $54.20 per share in cash.

My offer is my best and final offer and if it is not accepted, I would need to reconsider my position as a shareholder. The will he / won’t he buy Twitter saga began in earnest when it became clear, just ten days ago, that the world’s richest man purchased a 9.2 percent stake in the company. Musk says Twitter must go private to undergo changes that need to be made. Twitter shares are up over 13 percent pre-market on the news. Tesla shares are down 1.5 percent on fears that Twitter’s number one fan — who already leads Tesla, SpaceX, The Boring Company, and Neuralink — might become distracted by his new pet. I will unlock it.”

Share pledges and finding a deep-pocketed partner are among the ways Tesla founder could pay for his latest scheme.

Elon Musk has offered to buy the rest of Twitter Inc. in a deal valuing the social-media company at more than $43 billion.

My offer is my best and final offer and if it is not accepted, I would need to reconsider my position as a shareholder. a. There will be more detail in our public filings. Elon Musk has offered to buy Twitter Inc. in a deal valuing the social-media company at more than $43 billion. As I indicated this weekend, I believe that the company should be private to go through the changes that need to be made. change in the public market, I would need to reconsider my position as a shareholder. I invested in Twitter as I believe in its potential to be the platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy.

Elon Musk's hostile takeover bid for Twitter on Thursday prompted many employees to privately express concerns that the incendiary Tesla CEO would change ...

The billionaire Tesla and SpaceX boss has proposed buying “100% of Twitter for $54.20 per share in cash”, valuing the company at 41.39 billion dollars (£31.58 ...

Just hours after confirming his bid to buy Twitter, Musk spoke on takeover plans and railed against the SEC.

Tesla CEO Elon Musk offered to buy Twitter on Thursday, but the stock traded lower, a sign of what investors think of the bid.

Tesla and SpaceX billionaire Elon Musk has put forward an offer to buy Twitter to turn it into a free expression haven, but his vision of the platform ...

Social media companies struggle to contain misinformation and hate speech. Mr Musk, whose tweets can lead online bullies to swarm his critics online, does not ...

The Tesla CEO was a millionaire in his 20s and has parlayed each business success into new endeavors.

The SpaceX founder is the richest man on the planet - ahead of the likes of Jeff Bezos, Bill Gates and Mark Zuckerberg · Sign up to our NationalWorld Today ...