Twitter’s possible new owner, Elon Musk
Tesla CEO Elon Musk is making his “best and final” offer to buy 100 percent of Twitter in an updated 13D filing filed Thursday. He’s offering $54.20 per share in cash. Naturally, Musk had to sneak a 420 into the offer.
Musk is offering to “acquire all of the outstanding Common Stock of the Issuer not owned by the Reporting Person for all cash consideration valuing the Common Stock at $54.20 per share.” The proposal was delivered in a letter to Twitter on April 13th. Musk says Twitter needs to go private to go through the changes that need to be made.
“I invested in Twitter as I believe in its potential to be the platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy,”…
