Elon Musk offers to "buy" Twitter for $43 billion

With just becoming Twitter’s largest shareholder, billionaire Elon Musk recently made an offer to buy all Twitter’s remaining shares that he doesn’t have for $54.2 per share. That means he'll spend about $43 billion to "buy" this social media platform.



The $54.2 price that billionaire Elon Musk offered is 38% higher than Twitter’s April 1 closing price, a time before the billionaire revealed that he became Twitter’s largest shareholder and 18% higher than the April 13 closing price.
According to Elon Musk, this is the "best and last offer" if it is not accepted, he will have to reconsider his role as a shareholder.
"I invested in Twitter because I believe in the potential that it should become a platform for free speech worldwide, and I believe that free speech is a social necessary factor for democracy." However, since my investments, I have realized that the company will neither grow or serve social needs in the present situation. Twitter needs to be transformed into a private company,” the world’s most richest billionaire said.
Mr. Elon Musk stressed that "Twitter has extraordinary potential." I’ll unlock it” adding that he chose Morgan Stanley (MS) as financial adviser for the operation.
In a statement released on April 14, Twitter confirmed that it had accepted the proposal from Elon Musk. The company said its board will carefully review the proposal "to determine the actions it believes are the best benefits of the company and all Twitter shareholders."
Dan Ives tech analyst at Wedbush Securities thinks it will be difficult for Twitter to reject Elon Musk’s offer with a cost-giving billionaires.
Although billionaire Elon Musk is the richest in the world, most of his $274 billion assets are tied to his shares in Tesla and SpaceX, where Tesla shares currently cost around 177 BC Billions of dollars.
Dan Ives said “It’s a good chance that Elon Musk won’t have to sell Tesla shares, and instead he could use it as a pawnable to borrow the money needed to buy Twitter.”
Earlier, billionaire Elon Musk’s announcement to buy 73.5 million shares, equal to 9.2% of Twitter’s regular shares helped the social media value rise by 27%. The investment also made him the company’s largest shareholder.
Twitter's leadership group then submitted a document to the US Securities Commission (SEC) about the position of billionaire Elon Musk as Class II director with a term that will end in 2024. Elon Musk also promised not to have more than 14.9% of Twitter shares during this time.
However, Tesla's CEO later decided not to join the social media company's board.