“I made an offer”, Elon Musk tweeted Thursday, April 14, sharing a link to the Twitter takeover filing with the US stock exchange authority. This “Twitter hostile takeover bid” constitutes “the latest twist in a breathtaking, weeks-long saga”, report it Washington Post.
The tech billionaire promises that he will “unleash the extraordinary potential” of the social network. After announcing, on April 4, the acquisition of 9.1% of the capital of the company, the CEO of Tesla and SpaceX now offers to buy back 54.20 dollars (50 euros) the action Twitter, its “best and last offer”. In case of refusal, he will reconsider his position as a shareholder, adds the American daily.
This “surprise announcement” values tweeting platform “some $40 billion”pick it up BBC. From the document submitted to the Security and Exchange Commission (SEC) emerge “text and/or voicemail messages from Elon Musk to Twitter’s board of directors that he discussed over the weekend the idea of taking the company off the stock exchange”. Twitter had announced on Sunday April 8 that, contrary to what he had said, Elon Musk had finally decided not to join the board of directors.
The billionaire, who assures that he will sell his shares if the transaction does not take place, defends himself from any blackmail, adds the British public media. “It’s not a threat, it’s just not a good investment without the changes that need to be made,” he said.
A prolific user of Twitter with his 80 million subscribers, Elon Musk is also “one of his most virulent detractors”recalls the Wall Street Journal.
Twitter is considering the offer
Twitter, which “confirmed having received the offer from Elon Musk”, promise to study it “carefully” for “determine the course of action in the best interest of the company and its shareholders”continues the American economic daily.
This takeover offer comes as “Twitter is looking to increase its number of users and its revenue”. At the end of 2021, the company recorded 5.08 billion dollars (4.7 billion euros) in turnover and recorded a 13% increase in its attendance, with “217 million daily users”.