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Elon Musk wants to buy Twitter – and threatens to withdraw

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9.2 percent is not enough for the Telsa boss. Elon Musk wants all of Twitter. On April 13, the wealthiest person in the world submitted offer a deal that plans to buy the social media platform for a total of $43 billion. Otherwise he would have to “reconsider his position as a shareholder”.

Elon Musk wants to modernize Twitter

The struggle for Twitter is entering a new round. Only the announcement in early April that Elon Musk is the largest shareholder in Twitter. Then a few days later Rejection of a post on the board of directors. Calculated banter? Musk is now going full steam ahead with the purchase offer.

“I invested in Twitter because I believe in its potential as a platform for free speech around the world, and because I believe free speech is a societal imperative for a functioning democracy,” Musk said. However, it has become clear to him that the company in its current form will neither thrive nor serve this social imperative. Twitter needs to be turned into a private company”.

An offer you can’t refuse?

The offering is priced at $54.20 per share. Still, “a 54 percent premium from the day before I invested in Twitter,” Musk said. And emphasizes his offer: “My offer is my best and last offer and if it is not accepted, I would have to reconsider my position as a shareholder”.

Musk and Twitter share a difficult relationship. They can’t be with each other, but they can’t be without each other either. He has already been muzzled by the US Securities and Exchange Commission due to numerous tweets that are said to have manipulated the Tesla share price. Since then, he has had to have corresponding reports approved by a lawyer. Comments on Dogecoin, with which he regularly inflates the course of the cryptocurrency, also cause a regular sensation.

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All content in this article is for informational purposes only and in no way serves as investment advice. Investing in cryptocurrencies, commodities and stocks is very risky and can lead to capital losses.

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