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How Likely Is Twitter to Accept Elon Musk's $43 Billion Offer?
Posted
April 14, 2022
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2,899
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April 14, 2022
2,899
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1:34Now 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 rose just 5.3% to $48.27 at the market open in New York as 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 1.8% on the news.
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