Twitter, Elon Musk presents offer to take over the social network

Tesla CEO Elon Musk presents an offer to take over the social network Twitter. The offering is $ 54.20 per share. Musk had held a 9% stake in Twitter for a few days so far. Only yesterday a class action was announced against Musk for the purchase of the stake of more than 9% of the platform. An operation that made him the largest shareholder in the company but also inevitably caused a jump of more than 27% in Twitter’s share price. However, a group of investors complained, Musk belatedly announced the purchase of him and this saved him about $ 143 million. Legal documents filed in New York say Musk had to notify the Securities and Exchange Commission within 10 days, or March 24, of the 5% stake in Twitter being exceeded.