Elon Musk wants to buy “100% of Twitter” and remove the company from Wall Street

Published on: 04/14/2022 – 14:00 Multi-billionaire Elon Musk is offering to buy Twitter “100%”, according to a notification sent to the American stock market authorities. He says he is ready to pay $54.20 per Twitter share, a premium of 38% compared to the day before the public announcement of his investment in the platform. Tesla boss Elon Musk, who recently acquired 9.2% of the capital of Twitter, offered on Wednesday, April 13, to buy the entire company at a unit price of 54.20 dollars per share and to exit the company. Wall Street company. 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 shareholder position” within the social network.>> To see: “Elon Musk: Mars, Vladimir Putin, Twitter and me” After this announcement, Twitter indicated that it would “examine carefully” this offer. Thursday morning, its action 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 promoting “freedom of expression across the planet”. which is, according to him, “a societal imperative of a functioning democracy”. current form,” he said, proposing to remove Twitter from the New York listing. A $43.4 billion valuation “I propose to buy 100% of Twitter at a price of $54.20 per share in cash, a premium of 54% compared to the day before the start of my investment in Twitter and 38% compared to 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, vs. around 37 billion at present. According to Forbes, the personal fortune of the Tesla boss amounts to almost 274 billion dollars, which makes him the richest man in the world. Elon Musk is particularly active on Twitter, where he has some 81.6 million followers. In recent weeks, he has been critical of the social network, suggesting the addition of several features, such as an “edit” button, and asking his followers about the respect for freedom of expression. sit there. With AFP