Twitter will “seriously consider” Elon Musk’s offer

Twitter will seriously consider Elon Musk’s offer to buy all the shares, the platform replied.

Elon Musk expressed a desire to acquire the entire platform by giving $ 54.2 per share.

I made an offer https://t.co/VvreuPMeLu

– Elon Musk (@elonmusk) April 14, 2022

Twitter, Inc. today confirmed that it had received an unsolicited, non-binding offer from Elon Musk to acquire all of the Company’s existing common stock for $ 54.20 a share in cash. “The Twitter Board of Directors will carefully consider the proposal to determine the course of action that it believes is in the best interest of the Company and all Twitter shareholders,” the statement said.

However, he did not give more information.

Elon Musk wants to acquire all of Twitter, after acquiring 9.2% of the platform. In accordance with Reutersthe richest man on earth offers $ 54.2 per share for the company as a whole.

Musk currently owns 73,486,938 Twitter shares with 9.2%. The head of Tesla is an avid Twitter user with more than 80 million followers.

However, he refused to take his place CEO of the company.

The announcement was made by the current CEO of the company, Parag Agrawal, through his post on twitter, writing “I think this is for the best. We have and will always appreciate the contribution of our shareholders whether they are on our board or not. Elon Musk is the our largest shareholder and we will remain open to his contribution. “

Elon has decided not to join our board. I sent a brief note to the company, sharing with you all here. pic.twitter.com/lfrXACavvk

– Parag Agrawal (@paraga) April 11, 2022

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