Tesla boss Elon Musk, who recently acquired a 9.2% stake in Twitter, has offered to buy the entire company for $54.20 a share and take the company off Wall Street. . In a document sent Wednesday to the policeman of the American Stock Exchange, Elon Musk specifies that it is about “his best offer and his final offer” and threatens, in the event of refusal, to “re-examine his position as a shareholder” at the within the social network.
Following this announcement, the action of Twitter jumped 11.34% to 51.05 dollars in electronic trading before the opening of Wall Street. Speaking in a letter to Twitter Chairman Bret Taylor, Elon Musk says he invested in the platform because of the major role it plays in favor of “free speech across the planet” which is , according to him, “a societal imperative of a functional democracy”.
“However, since I made my investment, I realized that the company would not prosper and serve its societal imperative in its current form,” he said, proposing to delist Twitter. New Yorker. “I am offering to buy 100% of Twitter for $54.20 per share in cash, a premium of 54% from the day before my investment in Twitter began and 38% from the day before the public announcement of my investment”, details the boss-billionaire.
The figures put forward by Elon Musk would value Twitter at 43.4 billion dollars, against around 37 billion at present. According to Forbes, Elon Musk’s personal fortune is nearly $274 billion, making him the richest man in the world. Elon Musk is particularly active on Twitter, where he has some 81.6 million subscribers.
In recent weeks, he has been critical of the social network, suggesting the addition of several features, such as an “edit” button, and questioning his subscribers about respect for freedom of expression. The whimsical boss of Tesla and SpaceX was initially to join the board of directors of Twitter, but the general manager of the social network Parag Agrawal announced Monday that Elon Musk had finally given up on it.