So that was it. A place on the board of directors was not enough for him, Elon Musk wants ALL Twitter. The Tesla and SpaceX boss made an offer to buy $54.20 a share, a 54% premium over the stock’s price on Jan. 28, when he began investing in Twitter.
In total, Elon Musk would spend 43 billion dollars to afford the social network, an offer that he does not intend to modify, according to his declaration in a document sent yesterday, April 13, to the policeman of the American Stock Exchange. In case of failure, the richest man in the world intends to reconsider his presence in the capital. He currently owns 9.2% of Twitter.
The unpredictable billionaire is a big user of the social network which he uses as a playground, between provocative tweets and more or less improvised announcements about his companies, which got him in trouble with the American stock market regulator in 2018 .
In a letter to the board of directors of Twitter, this fervent libertarian believes that ” [Twitter] will not prosper or fulfill its societal mission [de liberté d’expression] in its current form”. He wants it ” [transformer] in a private company”, i.e. not listed on the stock exchange. He concludes his letter thus: “Twitter has extraordinary potential that I will unleash. »