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Elon Musk Makes $43 Billion Bid to Take Twitter Private
Posted
April 14, 2022
Views
846
Likes
6
Comments
4
Engagement
1.18%
April 14, 2022
846
6
4
1.18%
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1:33Now PlayingElon Musk has made a controversial offer to buy Twitter Inc., saying the company has extraordinary potential and he is the person to unlock it.
The world’s richest person will offer $54.20 per share in cash, valuing Twitter at about $43 billion. The social media company’s shares initially soared in pre-market trading before falling slightly to about $48, after investors began to assess how one of the platform’s most outspoken users will succeed in his takeover attempt.
Musk, 50, announced the potential deal in a filing with the U.S. Securities and Exchange Commission on Thursday, after turning down a potential board seat at the company. The billionaire, who also controls Tesla Inc., first disclosed a stake of about 9% on April 4. Tesla shares fell about 2.1% in pre-market trading on the news.
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