Elon Musk

The Twitter and Elon Musk saga is far from over as Elon Musk has made an offer to buy Twitter in an SEC filing. The billionaire has said he is willing to ...

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Musk's price of $54.20 per share was disclosed in a regulatory filing today. It represents a 38% premium to Twitter's April 1 close, the last trading day before ...

"Since making my investment I now realize the company will neither thrive nor serve this societal imperative in its current form. The billionaire rejected an offer to join Twitter's board earlier this week after disclosing his stake in the company, a move which analysts said signaled his intention to take over the company as a board seat would have limited his stake to just under 15%. It represents a 38% premium to Twitter's April 1 close, the last trading day before Tesla CEO's more than 9% stake in the company was made public.

The billionaire said he would "reconsider" his position as an investor if his offer was not accepted.

Twitter confirmed it received the "unsolicited" proposal and said its board will "carefully review" it to "determine the course of action" that it believes is in the best interest of the company and its shareholders. The big question most Twitter users will have is whether the platform will change in character following a takeover. "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," he said in a letter to He said he does not have "confidence in management" and does not believe he can "drive the necessary change" while the company is still public. He said this "was not a threat, it's simply not a good investment without the changes that need to be made". "My offer is my best and final offer and if it is not accepted, I would need to reconsider my position as a shareholder," he added.

Elon Musk offered to buy Twitter for $54.20 a share, saying the social media company needs to be transformed privately.

My offer is my best and final offer and if it is not accepted, I would need to reconsider my position as a shareholder. "My offer is my best and final offer and if it is not accepted, I would need to reconsider my position as a shareholder." The Tesla CEO has previously criticized the social media giant publicly, polling people on Twitter last month about whether the company abides by free speech principles. 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. CNBC's David Faber reported on " Squawk on the Street" that Twitter's board will meet at 10 a.m. to evaluate the bid, per people familiar. "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 sent to Twitter Chairman Bret Taylor and disclosed in a securities filing.

Elon Musk has offered to buy the rest of Twitter Inc. in a deal valuing the social-media company at more than $43 billion.

My offer is my best and final offer and if it is not accepted, I would need to reconsider my position as a shareholder. a. There will be more detail in our public filings. Elon Musk has offered to buy Twitter Inc. in a deal valuing the social-media company at more than $43 billion. As I indicated this weekend, I believe that the company should be private to go through the changes that need to be made. change in the public market, I would need to reconsider my position as a shareholder. 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.

Tesla CEO Elon Musk is offering to buy 100 percent of the company in an updated 13D filing. He's offering $54.20 per share in cash.

My offer is my best and final offer and if it is not accepted, I would need to reconsider my position as a shareholder. The will he / won’t he buy Twitter saga began in earnest when it became clear, just ten days ago, that the world’s richest man purchased a 9.2 percent stake in the company. Musk says Twitter must go private to undergo changes that need to be made. Twitter shares are up over 13 percent pre-market on the news. Tesla shares are down 1.5 percent on fears that Twitter’s number one fan — who already leads Tesla, SpaceX, The Boring Company, and Neuralink — might become distracted by his new pet. I will unlock it.”

Musk's offer of $54.20 a share comes days after he took a 9 per cent stake in the company, becoming its largest shareholder but rejecting an invitation to join ...

A day later, Twitter chief executive Parag Agrawal announced that Mr Musk would be joining its board of directors and shares rose again to $50.98. In a tweet, Saudi business tycoon Prince Alwaleed bin Talal said that as one of Twitter’s biggest long-term shareholders, he rejected Musk’s takeover bid. I will unlock it.”

Musk's offer comes after the Tesla and SpaceX CEO became Twitter's largest shareholder. Musk says he will unlock Twitter's potential.

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Elon Musk launches hostile takeover bid of Twitter · The Tesla CEO, who recently became the social media company's largest shareholder, is offering $54.20 per ...

Fred Wilson, a New York-based venture capitalist, said the platform is “too important” to be owned and controlled by a single person. The price of the takeover bid ― $54.20 per share ― may also be a veiled reference to a previous episode that landed Musk in trouble with the securities regulators. Rep. Lauren Boebert (R-Col.) said Musk deserves a medal for his “patriotic and necessary” fight for free speech. In 2018 Musk tweeted that he had secured funding to take Tesla private at $420 a share ― a possible reference to the unofficial pot-smoking holiday of April 20. “Is Twitter dying?” he asked early Saturday morning. The decisions we make and how we execute is in our hands, no one else’s. Let’s tune out the noise, and stay focused on the work and what we’re building.” Over the weekend, Musk unloaded a series of sharply barbed tweets at the company. Such a stake gives him leverage over the company moving forward; if he decided to sell his shares, it could send the company’s stock price sharply lower. While Musk is a prolific Twitter user with more than 80 million followers, he also is a frequent critic: In late March, he’d suggested in a tweet that he was considering launching his own social media company. He went on to question Twitter’s most popular users, its San Francisco headquarters and its process for authenticating accounts. But since his investment, he has come to “realize the company will neither thrive nor serve this societal imperative in its current form. Twitter needs to be transformed as a private company.”

Elon Musk, the world's richest person, made a bid to buy Twitter after weeks of back-and-forth with the company. Musk wrote in a letter to Twitter board ...

The billionaire executive recently became one of the company's largest shareholders. Now he says he wants to buy the whole thing and change how it handles ...

Elon Musk's hostile takeover bid for Twitter on Thursday prompted many employees to privately express concerns that the incendiary Tesla CEO would change ...

Mercurial billionaire Elon Musk has said he wants to buy Twitter outright, taking it private to restore its commitment to what he describes as “free speech” ...

Share pledges and finding a deep-pocketed partner are among the ways Tesla founder could pay for his latest scheme.

Musk could finance the deal using his own wealth. The South African-born executive, who often laments being cash-poor, is worth more than $260 billion on paper, ...

Is he serious? Can he get the money together? Would a sale make shareholders happy? And what would the social platform look like if he succeeds?

Tesla CEO Elon Musk offered to buy Twitter on Thursday, but the stock traded lower, a sign of what investors think of the bid.

Tesla and SpaceX billionaire Elon Musk has put forward an offer to buy Twitter to turn it into a free expression haven, but his vision of the platform ...

The Tesla CEO was a millionaire in his 20s and has parlayed each business success into new endeavors.