Elon Musk 43 billion Twitter bid

On April 4th, 2022, U.S. Securities and Exchange Commission filing became public, and this filing revealed that some sort of triggering event took place on March 14. That event was the purchase of 73.5 million Twitter shares by Elon Musk and are worth something in the neighborhood of $3 billion. At that point there was an expectation of Elon to join the board being he was now the largest shareholder in the company. But that did not happen, in fact he turned down the seat at the table. Then we wake up this morning (4-14-2022) to see he has offered a massive 43.4-billion-dollar buyout for twitter. At this moment twitter executives are behind closed doors discussing the real proposition that has been laid out to them.

Elon was recently quoted “I invested in Twitter as I believe in its potential to be the platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy,” Musk wrote in a letter addressing Bret Taylor, chairman of the board at Twitter, as part of the SEC filing. “However, since making my investment I now realize the company will neither thrive nor serve this societal imperative in its current form. Twitter needs to be transformed as a private company.”


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