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The tycoon’s idea, with this offer, is to “unlock” the full potential of Twitter.
Currently, Elon Musk is the richest man in the world, with a net worth of 240 billion dollars.
After becoming the largest shareholder of Twitter, Elon Musk is now offering the amount of 43 billion dollars for the rest of the shares of the social network.
Barely yesterday, it became known about a lawsuit against the CEO of Tesla and SpaceX, Elon Muskas one of Twitter’s investors, Marc Bain Rasella, argues that the tycoon informed the SEC (Securities and Exchange Commission) about the purchase of 5 percent of the shares of the social network until April 4, 21 days after its acquisition.
According to what the SEC indicates, investors must communicate when they acquire at least 5 percent of the shares of a company. In fact, the agency grants 10 days to report when such an event occurs. In that sense, as expressed by Rasella, Musk reported his purchase of 5 percent of Twitter 21 days later.
This day, and true to his custom, Elon Musk appeared on Twitter with a post in which he wrote “I made an offer” (I made an offer), but what is it about?
I made an offer https://t.co/VvreuPMeLu
— Elon Musk (@elonmusk) April 14, 2022
The CEO of Tesla is not only the richest man in the world (It has assets close to 240 billion dollars, according to data from Statista) and the largest shareholder of Twitter, but is now seeking to acquire the rest of the shares of said social network.
With an offer of 43 billion dollars, Elon Musk wants to acquire Twitterarguing that the social network has great potential and that he will be in charge of unlocking it.
For each share of the social network, Musk offers 54.20 dollarsthat is, 54 percent more than its value on January 28 and 38 percent more than its value on April 1.
In his tweet, the South African billionaire shared the document he delivered to Twitter’s board of directors, in which he also indicates that, in order to carry out the necessary changes, the social network must delist from the stock market.
In addition, the tycoon mentioned that if the Twitter board of directors rejects his offer, then, “will reconsider its position as a shareholder”.
On the heels of Elon Musk offering $43 billion to buy Twitter, Shares of the social network rose 13 percent, while Tesla’s fell 1.5 percent.
Elon Musk is one of the most active personalities on Twitter, where he has more than 80 million followers, this being his main communication channel to publicize his personal activities and, likewise, the companies he runs.
Recall that a few weeks ago, through his Twitter account, Musk challenged Vladimir Putin, President of Russia, to a duel, where the “prize” would be the liberation of Ukraine.
It is nothing new, because one of the reasons why Elon Musk has gained great popularity is precisely because of his handling of social networks.
“I hereby challenge Vladimir Putin to single combat. What is at stake is Ukraine.wrote the tycoon using the Russian alphabet.
?? ???????? ?? ???? ???? @KremlinRussia_E
— Elon Musk (@elonmusk) March 14, 2022
Given this, the Russian Space Agency, through Dimitry Rogozin, general director of Roscosmos, responded to the CEO of SpaceX also through Twitter.
“You imp, you are still young. You are too weak to compete with me,” Rogozin replied to Elon Musk, assuring that “it would only be a waste of time. You will have to leave my brother behind first.”
I see you are a tough negotiator!
Ok, you can have 10% more pay per view money. pic.twitter.com/Nrbkz9IsTP
— Elon Musk (@elonmusk) March 15, 2022