Musk announced the offer in a filing with the US Securities and Exchange Commission on Thursday
Elon Musk has made a “best and final” offer to buy Twitter, saying the company has extraordinary potential and he will unlock it.
. The billionaire, who also controls Tesla, first disclosed a stake of about 9% on April 4. Tesla shares fell about 1.5% in pre-market trading on the news. After his initial stake became public, Musk immediately began appealing to fellow users about prospective moves, from turning Twitter’s San Francisco headquarters into a homeless shelter and adding an edit button for tweets to granting automatic verification marks to premium users. One tweet suggested Twitter might be dying, given that several celebrities with high numbers of followers rarely tweet.
In a letter to Twitter’s board, Musk said he believes Twitter “will neither thrive nor serve [its free speech] societal imperative in its current form. Twitter needs to be transformed as a private company”
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Musk sued over Twitter tiff: Elon Musk Sued Over Delay in Disclosing Twitter StakeElon Musk was sued by a Twitter Inc. shareholder who claims the Tesla Inc. CEO’s delay in disclosing his ownership of more than 5% of the social media company artificially kept its share price down.
Read more »
Elon Musk launches $43bn hostile takeover of Twitter[BREAKING] Elon Musk has made an offer to buy Twitter, saying the company has extraordinary potential and he will unlock it. Elon Musk
Read more »
Elon Musk sued over delay in disclosing Twitter stakeElonMusk was sued by a Twitter Inc. shareholder who claims the Tesla Inc. CEO’s delay in disclosing his ownership of more than 5% of the social media company artificially kept its share price down. Moneyweb BusinessNews
Read more »
Elon Musk sued over delay in disclosing Twitter stakeElon Musk has been sued by former Twitter shareholders because he waited too long to disclose a 9.2% stake in the social media company.
Read more »
Twitter needs to be transformed as a private company, says Elon Musk | Businessinsider'Twitter needs to be transformed as a private company,' Elon Musk wrote in a letter to the company, according to an SEC filing.
Read more »
Elon Musk’s path to most influential Twitter investorTwitter users woke up April 4 and found the words “Elon” and “Elon Musk” trending on the site — not because the world’s richest, most-followed businessman had caused a stir with his futuristic companies, but because he’d disclosed a major stake in Twitter Inc.
Read more »