Twitter share price

2022 - 4 - 14

Post cover — Image courtesy of "The Guardian"

Elon Musk offers to buy Twitter for more than $40bn (The Guardian)

Tech entrepreneur makes offer of $54.20 a share in cash to 'unlock potential' of microblogging site.

When Musk offered to take his electric carmaker Tesla private in 2018 he offered to buy the shares he did not already own for $420 a share, saying he had “funding secured” for the deal. “My offer is my best and final offer and if it is not accepted, I would need to reconsider my position as a shareholder. That’s not something the firm will want hanging over it.” The SEC found against him over the tweet and Musk agreed to submit his public statements about the company’s finances to vetting by its legal counsel. But let’s not forget, Elon’s view of simply voicing opinion has been seen as reckless by regulators in the past,” he said. In a letter to Bret Taylor, Twitter’s chair, Musk said the site was not thriving as a company or a tool for improving freedom of speech, and “needs to be transformed as a private company”.

Elon Musk sends Twitter stock price soaring with hostile takeover ... (Fortune)

Musk, 50, announced the offer in a filing with the U.S. Securities and Exchange Commission on Thursday. The billionaire, who also controls Tesla Inc., first ...

closing price and a value of about $43 billion. He has been outspoken about changes he’d like to consider imposing at the social media platform, and the company offered him a seat on the board following the announcement of his stake, which made him the largest individual shareholder. Musk, 50, announced the offer in a filing with the U.S. Securities and Exchange Commission on Thursday. The billionaire, who also controls Tesla Inc., first disclosed a stake of about 9% on April 4.

Elon Musk Makes Twitter Offer: Live Updates, News and Reaction (The New York Times)

His takeover bid at $54.20 a share comes just weeks after he became the company's largest shareholder.

The possibility that Mr. Musk might move to buy the company outright arose this week, when Twitter announced that he would no longer join the board. When Elon Musk mulled taking Tesla private in 2018, he posted on Twitter to tell the world about it. When Twitter’s chief executive said Mr. Musk would no longer join the board, that agreement was severed, allowing Mr. Musk to act as any other shareholder. “If the deal doesn’t work, given that I don’t have confidence in management nor do I believe I can drive the necessary change in the public market, I would need to reconsider my position as a shareholder,” Mr. Musk said in the filing. But the price has mostly slumped since then, falling to about $33 a share last month. And those changes won’t happen without taking the company private.” And when he challenged President Vladimir V. Putin of Russia to one-on-one combat last month, he broadcast it on Twitter. It would value the company at about $43 billion. I will unlock it.” “Twitter has extraordinary potential. “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,” Mr. Musk said in the letter to Mr. Taylor sent on April 13. Mr. Musk said this was a “best and final offer,” representing a 54 percent premium over the day before he began investing in the company in late January, according to a Securities and Exchange Commission filing.

Tesla Stock Drops After Elon Musk Offers to Buy Twitter. This Is Why. (Barron's)

Tesla CEO Elon Musk offers to buy Twitter. Tesla shares are falling, Twitter is rising and overall both stocks are worth less.

The move in Tesla stock, which is roughly 25 times more valuable, takes away about $21.1 billion in... Investors might be worried about distraction for Musk as Tesla ramps up production at new plants, but there are other potential concerns as well. Twitter (ticker: TWTR) stock was up 6.7% in premarket trading Thursday. Tesla (TSLA) fell 2%. The move in Twitter stock adds about $2.5 billion in market value.

Elon Musk offers to buy Twitter for over $41 billion (RTE.ie)

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.

Elon Musk offers to buy Twitter for $41bn as he says takeover ... (Sky News)

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.