Tech entrepreneur makes offer of $54.20 a share in cash to 'unlock potential' of microblogging site.
When Musk offered to take his electric carmaker Tesla private in 2018 he offered to buy the shares he did not already own for $420 a share, saying he had “funding secured” for the deal. “My offer is my best and final offer and if it is not accepted, I would need to reconsider my position as a shareholder. That’s not something the firm will want hanging over it.” The SEC found against him over the tweet and Musk agreed to submit his public statements about the company’s finances to vetting by its legal counsel. But let’s not forget, Elon’s view of simply voicing opinion has been seen as reckless by regulators in the past,” he said. In a letter to Bret Taylor, Twitter’s chair, Musk said the site was not thriving as a company or a tool for improving freedom of speech, and “needs to be transformed as a private company”.
Tesla CEO Elon Musk is offering to buy Twitter, a swift turn just days after deciding not to join the social media company's board of directors.
My offer is my best and final offer and if it is not accepted, I would need to reconsider my position as a shareholder. "Twitter is too important to be owned and controlled by a single person," he wrote. "There will be host of questions around financing, regulatory, balancing Musk's time (Tesla, SpaceX) in the coming days but ultimately based on this filing it is a now or never bid for Twitter to accept," Ives said. "By failing to timely disclose his ownership stake, Musk was able to acquire shares of Twitter less expensively during the Class Period," the lawsuit states. But Musk backed out of the deal and launched a series of since-deleted tweets about how to better the company – all before this takeover attempt. Twitter needs to be transformed as a private company.”
Musk's offer comes after the Tesla and SpaceX CEO became Twitter's largest shareholder. Musk says he will unlock Twitter's potential.
You may click on “Your Choices” below to learn about and use cookie management tools to limit use of cookies when you visit NPR’s sites. If you click “Agree and Continue” below, you acknowledge that your cookie choices in those tools will be respected and that you otherwise agree to the use of cookies on NPR’s sites. NPR’s sites use cookies, similar tracking and storage technologies, and information about the device you use to access our sites (together, “cookies”) to enhance your viewing, listening and user experience, personalize content, personalize messages from NPR’s sponsors, provide social media features, and analyze NPR’s traffic.
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.”
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.
According to an SEC filing, Musk has offered to acquire all the shares in Twitter he does not own for $54.20 per share, valuing the company at $41.4 billion.
The price he suggested for Tesla at that time, $420 a share, was seen highlighting April 20, the unofficial holiday of marijuana enthusiasts. "The premium is at a level that will be hard to see other bids occurring." Musk's Tesla shares are worth about $177 billion, even with the modest decline in premarket trading Thursday. That reduction in total shares increased Musk's stake to 9.6% without him having to purchase a single additional share. Musk did not disclose how he intends to fund his purchase. And on Thursday the company disclosed that there were 37 million fewer shares outstanding than previously indicated. "It's historic and bizarre at the same time." According to an SEC filing, Musk has offered to acquire all the shares in Twitter he does not own for $54.20 per share, valuing the company at $41.4 billion. Musk's commitment to use the company to promote greater free speech doesn't do much, if anything, to increase its profitability. Twitter issued a statement Thursday confirming that it had received the offer. Twitter needs to be transformed as a private company." Stocks were trading up about 6% following the market open, suggesting that investors had doubts the offer will be accepted.
Según un archivo de la SEC, Elon Musk ofreció adquirir todas las acciones de Twitter que no posee por US$ 54,20 por acción en efectivo.
Twitter emitió un comunicado el jueves confirmando que había recibido la oferta. Concluye: "Twitter tiene un potencial extraordinario. Twitter debe transformarse en una empresa privada".
La oferta llega después que anunció que no formaría parte del consejo de administración de la red social.
El multimillonario empresario dijo que ese precio era su mejor oferta pero no ofreció los detalles sobre el financiamiento. Twitter necesita transformarse como empresa privada”. LA OFERTA LLEGA DESPUÉS QUE ANUNCIARA QUE NO FORMARÍA PARTE DEL CONSEJO DE ADMINISTRACIÓN DE LA RED SOCIAL
Musk —que es el director general de la empresa automotriz Tesla— ofreció 54,20 dólares por acción, es decir, una oferta valuada en más de 43.000 millones de ...
Musk —que es el director general de la empresa automotriz Tesla— ofreció 54,20 dólares por acción, es decir, una oferta valuada en más de 43.000 millones de dólares. El empresario dijo que esa era su mejor y última oferta, pero no ofreció los detalles sobre el financiamiento. Twitter necesita transformarse como empresa privada”.
El multimillonario ha sido un crítico vocal de Twitter en las últimas semanas, principalmente por su creencia de que no cumple con los principios de la ...
No explicó por qué, pero la decisión coincidió con un aluvión de tuits ahora eliminados de Musk que proponían cambios importantes para la empresa, como eliminar anuncios, su principal fuente de ingresos, y transformar su sede de San Francisco en un refugio para personas sin hogar. Twitter necesita transformarse en una empresa privada”. Musk llamó a ese precio su mejor y última oferta, aunque no proporcionó detalles sobre el financiamiento.