Elon Musk Wants To Buy Twitter For 43 Billion Dollars
Billionaire Elon Musk has declared that he wants to buy 100% of the shares of the social network Twitter. He stated this on his Twitter, in which he remarked that this was his final offer. Musk declared that he wants to make some changes to this platform to get the most out of it. In his opinion, no one is currently exploiting this social network’s potential.
Musk is currently the majority shareholder with his recent purchase of the social network’s shares. He acquired 9.2% of the company, thus becoming the company’s majority shareholder. However, he had initially said that he would join the board of directors. That has not yet happened, and from the statements given, it may not occur.
Image via Twitter
Elon remarked that he wants to make some changes to the social network, which are necessary to reach its full potential. At the moment, he has not received a response. However, he noted that he would evaluate his position in this company if not accepted.
Elon Musk Wants to own 100% of Twitter
Yesterday Elon Musk sent a letter in which he offered to buy Twitter in its entirety. The offer was for $43 billion, the final and only offer the billionaire will make to acquire Twitter. Today, Elon Musk published that same letter on his personal Twitter page with the words “I made an offer.”
I made an offer https://t.co/VvreuPMeLu
— Elon Musk (@elonmusk) April 14, 2022
Musk announced that he wishes to make several changes and that he must have the company carry them out. He intends to exploit all the potential that this platform has, which in his opinion, is currently locked. Elon has not yet received a response to his request, although the same may jeopardize his participation on the company’s board of directors.
Musk stated this about the offer he made and its implications: “It’s my best and final offer and, if it is not accepted, I would have to reconsider my position as a shareholder” he commented on his reasons for it, adding: “Twitter has extraordinary potential. I will unlock it.”
The Changes he Wants for the Platform
Elon Musk has stated that he wants to make significant changes to Twitter, the first being to take it off the stock market. He has commented that the company must become a private company to prosper. Elon also stressed that “reconsidering his position on the board” is not a threat. He wants to invest but sees that Twitter is stagnant in its current condition.
Part of Musk’s statement was that “I invested in Twitter as I believe in its potential to be the platform for free speech around the globe However, since making my investment I now realize that the company will neither thrive nor serve this societal imperative in its current form. Twitter needs to be transformed as a private company.”
— Corey A. DeAngelis, school choice evangelist (@DeAngelisCorey) April 14, 2022
He then added, “this is not a threat, it is simply not a good investment without the changes that need to be made.”
Image via Daniel Oberhaus, Wikimedia Commons
As can be seen, Elon Musk wants to buy Twitter and went all-in with the proposal, offering 43,000 million dollars for it. Something that far exceeds the company’s total value, given its value per share. What is certain is that the entrepreneur has big plans for the company and wants to take it private to achieve this. According to Musk’s offer and about the future of the social network Twitter, it remains to be seen what the board of directors decides.
Do you think if Elon Musk buys Twitter, the platform will improve? Let us know your thoughts
Featured Image via Wikimedia Commons
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