Tesla chief Elon Musk has launched a hostile takeover bid for Twitter, offering to buy 100% of its stock and take it private, according to a stock exchange filing.
Musk offered $54.20 a share, which values the social media firm at $43.4 billion, in a filing dated Wednesday 13 April with the Securities and Exchange Commission.
"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 said in his filing. "Twitter needs to be transformed as a private company. As a result, I am offering to buy 100% of Twitter for $54.20 per share in cash, a 54% premium over the day before I began investing in Twitter."
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Musk sued over Twitter tiff: Elon Musk Sued Over Delay in Disclosing Twitter StakeElon Musk was sued by a Twitter Inc. shareholder who claims the Tesla Inc. CEO’s delay in disclosing his ownership of more than 5% of the social media company artificially kept its share price down.
Weiterlesen »
Elon Musk sued over delay in disclosing Twitter stakeElonMusk was sued by a Twitter Inc. shareholder who claims the Tesla Inc. CEO’s delay in disclosing his ownership of more than 5% of the social media company artificially kept its share price down. Moneyweb BusinessNews
Weiterlesen »
Elon Musk sued over delay in disclosing Twitter stakeElon Musk has been sued by former Twitter shareholders because he waited too long to disclose a 9.2% stake in the social media company.
Weiterlesen »
Elon Musk launches $43bn hostile takeover of Twitter[BREAKING] Elon Musk has made an offer to buy Twitter, saying the company has extraordinary potential and he will unlock it. Elon Musk
Weiterlesen »
BREAKING | Elon Musk in $43-billion hostile bid for TwitterElon Musk has made a “best and final” offer to buy Twitter, saying the company has extraordinary potential and he will unlock it.
Weiterlesen »
Twitter needs to be transformed as a private company, says Elon Musk | Businessinsider'Twitter needs to be transformed as a private company,' Elon Musk wrote in a letter to the company, according to an SEC filing.
Weiterlesen »