Elon Musk doesn't have 'Confidence in Management': Why Tesla Boss Wants to Buy Twitter
2 years, 8 months ago

Elon Musk doesn't have 'Confidence in Management': Why Tesla Boss Wants to Buy Twitter

News 18  

Elon Musk on Thursday said that he wants to buy 100 per cent stake of Twitter. According to the stock exchange filing by Musk, the offer “represents a 54 per cent premium over the closing price of the Common Stock on January 28, 2022, the trading day before the Reporting Person began investing in the Issuer, and a 38 per cent premium over the closing price of the Common Stock on April 1, 2022, the trading day before the Reporting Person’s investment in the Issuer was publicly announced.” Why Elon Musk Invested in Twitter Earlier this month, Musk disclosed buying a 9 per cent stake in the social media giant. In a letter to Bret Taylor, chairman of Twitter Board, Musk elaborated his reasons behind investing in the social media platform. Elon Musk Wants to Buy Twitter: Know What Twitter Replies Twitter, Inc. confirmed it has received an unsolicited, non-binding proposal from Elon Musk to acquire all of the Company’s outstanding common stock for $54.20 per share in cash.

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