In a letter despatched to the chairman of Twitter’s board Bret Taylor on Thursday, entrepreneur Elon Musk, finest recognized for founding and heading Tesla and SpaceX, has provided to buy the whole Twitter firm for $54.20 a share, stating that the social media platform has “extraordinary potential” that he’ll “unlock.”
Revealed by the U.S. Securities and Change Fee in a 13D submitting, Musk acknowledged that “Since making my funding, I now understand the corporate will neither thrive nor serve this societal crucial in its present kind. Twitter must be remodeled as a non-public firm.”
Following this, Musk categorically states that this provide is his “finest and closing”, and if not accepted, he “would wish to rethink his [my] place as a shareholder.”
I made a proposal https://t.co/VvreuPMeLu
— Elon Musk (@elonmusk) April 14, 2022
Associated: What Elon Musk’s funding may imply for Twitter’s crypto plans
On March 14, Musk turned Twitter’s greatest shareholder following a 9.2% share acquisition.
— Elon Musk (@elonmusk) April 7, 2022
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