A couple of days ago it was revealed that Elon Musk, CEO of Tesla and Spacex, acquired 9.2% of Twitter . This has given rise to a series of speculation about the future of this social network, which have become a reality. Through a statement, Musk has launched an offer, where he points out that he wants to buy Twitter for $ 43 billion.
This proposal was published in the official bill of the millionaire on Twitter, where he said that is willing to buy the social network for $ 54.20 per share, ie, 54% more than the value recorded by the company January 28 of this year, and an increase of 38% of what was seen on April 1. This was what was commented about:
“I invested on Twitter believing in the potential of the platform as a vehicle of freedom of expression around the world. And I think freedom of expression is a social imperative for a healthy democracy.
But, since I made my investment, I understood that the company will not prosper or fulfill its social function in its current state. Twitter needs to stop quoted in the bag and become a private company.
As a result, I offer the purchase of 100% Twitter for $ 54.20 per share. 54% more than the value of the action when I started investing and 38% more than the value the day my investment was publicly announced. My offer is the best I can do and it’s final. If it is not accepted, I will have to reconsider my position as a shareholder.
Twitter has an extraordinary potential and I am going to unlock it. “
In response to this movement, Twitter actions have increased by 13%. However, this has also affected Tesla’s actions, which decreased by 1.5%, since investors believe their focus on the Social network could distract it from your other businesses.
According to Bloomberg, Elon Musk has approximately $ 2.9 billion in cash. In this way, it has been pointed out that to buy Twitter, the manager needs to sell a significant portion of Tesla actions, or request a very large loan.
At the moment there is no official Twitter response about it. In case of rejecting this proposal, Elon is planned to “reconsider the position of him as shareholder”. On related topics, here you can learn more about the participation of Musk in this company. In the same way, Twitter is working on a function to edit tweets.
Although there is a part of me that wants to see what will happen with Twitter under the direction of Elon Musk, the social network works quite well at this time, and there is not much that needs significant changes.