Right before the opening It pays about $49 per share, which is still a third less than it was 12 months ago. This was announced by the billionaire and innovator of Tesla Presented the “best and last” offer to dominate Twitter. As per his assessment, the company has tremendous potential and he is the one who will unlock that potential.
Ranked first in the list of the richest people Elon Musk will offer $54.20 per share, which translates to Twitter’s market value of approximately $43 billion. Making such an offer would mean a hostile attempt – that is, a lack of consultation with major shareholders and management – to take over the company.
A hostile takeover involves addressing the target company’s shareholders directly or attempting to change management. Typically, these types of acquisitions take place if the buyer believes the acquiring company is undervalued or if minority shareholders demand changes to the company. Companies targeted for a hostile takeover may use certain defensive strategies, but these measures are not always successful.
Elon Musk announced his offer Thursday in a letter to the SEC, the US capital market regulator, having previously rejected the possibility of joining the company’s board of directors. barely On April 4, the 50-year-old billionaire first revealed that he owns 9% of Twitter shares.
According to Bloomberg’s comments, the presentation begins the next phase in Elon Musk’s troubled relationship with Twitter. The owner of Tesla is one of the most followed users of the platform. He often uploads memes and posts tweets to the more than 80 million Twitter users who follow him.
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