Elon Musk has pledged more than $40 billion to acquire all of Twitterjust a few days after he rejected, he is part of the company’s board of directors, of which he is a shareholder.
The offer launched by the tycoon, $54.20 per sharehas been known this Thursday and represents a premium of 38% with respect to the closing of Twitter on April 1, the last trading day before the participation of more than 9% of the CEO of Tesla in the company was made public.
In a letter to Twitter Chairman Bret Taylor, Musk asserts that the company “will not prosper or serve its social imperative in its current form” and defends that “needs to be transformed in a private company.” In said letter, Musk affirms that this is your “final” offer and warns that, if it is not accepted, he will have to reconsider his position as a shareholder.
This same week, the tycoon announced that he had finally refused to join the board of directors Twitter, just as his term was about to begin. Holding the position would have prevented him from taking over the company.
Source: Lasexta
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