Musk wants to buy Twitter, offers almost 40 billion euros – SME.sk

Billionaire already owns 9.2 percent of Twitter shares. NEW YORK. Tesla boss, billionaire Elon Musk wants to buy Twitter. The company continues to have a 9.2 percent share of the social network operator and is thus its largest shareholder. The article continues with video advertising. “Since the realization of my investment, I have realized that the company will neither thrive nor serve this social imperative in its current form,” Musk said in a letter to Twitter’s Bret Taylor chairman. “Twitter must be transformed as a private company,” he added, “and this is my best and final offer, and if it is not accepted, I will have to consider my position as a shareholder,” Musk said. Law Read On Saturday, Twitter chief announced that Musk would not be a board member. According to an earlier agreement, he was to hold the position of director until 2024. During the period when he would be a member of the board of directors, and 90 days after termination of membership, he could not own more than 14.9 percent of Twitter shares alone or in the group. Twitter Subscribe to topic Subscribe New: Receive notifications of new articles in the monitored topic by e-mail. Try the new feature and turn on the subscription.