Elon Musk Offers to Buy Twitter in Hostile Takeover; Twitter to Go Private? - BitcoinEthereumNews.com
On Thursday, Tesla CEO Elon Musk revealed his recently filed, controversial $43 billion offer with the SEC to buy Twitter in an updated 13D form, days after he turned down a seat on the companys board of directors. In his recent SEC filing, Musk is offering $54.20 per share in cash, which values the company at just over $43 billion. With a net worth of around $ 260 bilyon, Musk, 50, claims that he wants to unlock Twitter‘s “extraordinary potential” and because of the lack of confidence he has in the company’s management, hes the person to do it in efforts of converting the publicly-traded company over to a private company. Not an easy takeover… Given Musk has rendered a tender offer at a premium, as Twitter is kasalukuyang kalakalan around $46 as of press time, he will need to entice enough shareholders with the officer for the takeover to be moved forward. Pinagmulan: Twitter “This becomes a hostile takeover offer which is going to cost a serious amount of cash,” said Neil Campling, head of TMT research at Mirabaud Equity Research in a recent Bloomberg interview. “He will have to sell a decent piece of Tesla stock to fund it, or a massive loan against