Business News
Elon Musk Launches Hostile Takeover of Twitter for $54.20 per share
[ad_1]
Elon Musk on Thursday made an offer to buy 100% of Twitter Inc for $54.20 per share valuing the social media company at $43 billion.
The world’s richest man said his offer was the “best and final” adding that Twitter has extraordinary potential and he is the best suited person to unlock it.
Elon wrote a letter to Twitter’s board saying that he believes Twitter “will neither thrive nor serve [its free speech] societal imperative in its current form. Twitter needs to be transformed as a private company”. He warned that he doesn’t have confidence in the management and if the deal doesn’t go through, he will need to reconsider his position as a shareholder.
Elon Musk has hired Morgan Stanley as his adviser for the takeover.
ALSO READ; Twitter Shares Decline as Elon Musk Declines Plans to Join Board
[ad_2]
Source link
Comments
Rayvanny officially leaves Diamond’s WCB Wasafi after 6 years
Raila Odinga is the most popular presidential candidate, a survey released by Infotrak
Newly-crowned Kenyan Wimbledon champion Angella Okutoyi would like to play against American star Serena Williams
The Mombasa High Court has ordered IEBC to clear Sonko to run for the Mombasa governorship.
A new born baby was pulled out of latrine in Mururi.
Kenyan Rapper Colonel Mustafa has leveled fresh accusations against his ex-girlfriend Katoto.
Okutoyi and Nijkamp qualify for Wimbledon Open final
Fans will have to brace themselves for a sober 90 minutes, the Gulf Arab state announces.
Angola’s longest ruler dos Santos dies at 79
