• Nigerian/African Tech
  • Start Up
  • Internet
    • App
    • Mobile
    • Software
  • Gadgets
  • Money
  • Video
Tech News, Magazine & Review WordPress Theme 2017
  • Home
  • Africa
  • Business
  • Video
  • Metaverse
  • AI
  • Gadgets
  • Earnings
  • Tips
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
  • Home
  • Africa
  • Business
  • Video
  • Metaverse
  • AI
  • Gadgets
  • Earnings
  • Tips
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
TechBooky
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Home Social Media

Elon Musk Offers To Buy Twitter For $41b According To Filing

Femi by Femi
April 14, 2022
Share on FacebookShare on Twitter

The past few days have seen Elon Musk make the headline not because of Tesla or any of his other companies but because of Twitter – the micro-blogging platform founded by Jack Dorsey.

Also On TechBooky

US Communications Regulator To Ban TikTok, Writes To Google, Apple To Yank It Off App Store

Snapchat Releases Paid Version Of Its Social App With Extra Features

FBI Warns Of ‘Significant Threat’ By Crypto Scammers On LinkedIn

Snapchat Is Testing A Paid Subscription Version Called Snapchat Plus

Facebook, Twitter, Others Must Register And Appoint A Contact Officer In Nigeria

The billionaire who has been acquiring Twitter shares since recent months and now owns more than 9 percent stake in the company is offering to buy Twitter for $54.20 per share. According to him, the company needs to be transformed into a private one.

Musk’s saga with Twitter first came when he criticized the platform from being a hindrance to free speech, going as far to intimate that he might start his own social media platform just like Donald Trump.

However, the days that followed came with the announcement that the CEO had purchased the largest stake in Twitter and that he was going to join the company’s board.

Elon Musk didn’t join the board as planned and both Twitter and the billionaire failed to give specific reasons. What if this was the plan all along? What if he has been looking forward to acquiring Twitter as an alternative to starting his own platform?

I made an offer https://t.co/VvreuPMeLu

— Elon Musk (@elonmusk) April 14, 2022

According to Elon Musk, “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.” This information came in a letter he sent to Twitter Chairman Bret Taylor and disclosed in a securities filing.

Twitter’s shares which were down following the news that the CEO wasn’t joining the company’s board, soared 12 percent in premarket trading after closing at $45.85 a share on Wednesday.

“…I am offering to buy 100% of Twitter for $54.20 per share in cash, a 54% premium over the day before I began investing in Twitter and a 38% premium over the day before my investment was publicly announced,” he wrote. “My offer is my best and final offer and if it is not accepted, I would need to reconsider my position as a shareholder,” he said.

Elon Musk would be buying Twitter for about $43 billion if the company agrees to it’s terms.

 

Source: TechBooky Business

Related Posts:

  • Filings Show That Elon Musk Has Acquired A 9.2% Stake In Twitter
    Filings Show That Elon Musk Has Acquired A 9.2% Stake In…
  • Twitter Says Elon Musk Won’t Get Special Treatment From Its Rules
    Twitter Says Elon Musk Won’t Get Special Treatment From Its…
  • Elon Musk Says He Would Lift Twitter Ban On Trump Once Deal Closes
    Elon Musk Says He Would Lift Twitter Ban On Trump Once Deal…
  • Twitter Board Cracks As Elon Musk Takes Over The Company
    Twitter Board Cracks As Elon Musk Takes Over The Company
  • Elon Musk's Twitter Takeover Gets A $7b Boost From Binance And Others
    Elon Musk's Twitter Takeover Gets A $7b Boost From Binance…
  • Elon Musk Will Have To Pay $1b If He Terminates His Twitter Bid
    Elon Musk Will Have To Pay $1b If He Terminates His Twitter…
  • Twitter’s Largest Investor, Elon Musk Won’t Join Twitter’s Board After All
    Twitter’s Largest Investor, Elon Musk Won’t Join Twitter’s…
  • Twitter Accepts Elon Musk's $43 Billion Buyout Offer
    Twitter Accepts Elon Musk's $43 Billion Buyout Offer
Tags: acquisitionelon musktwitter
Femi

Femi

Paul Balo is a wireless communications technologist with interests in VoIP and 5G technologies. He leads the writing team at TechBooky

BROWSE BY CATEGORIES

Receive top tech news directly in your inbox

Loading

Recent

How To Be Sure Your Online Casino Is Safe

How To Be Sure Your Online Casino Is Safe

July 1, 2022
Google To Pay Out $90 Million To Small App Developers To Diffuse Antitrust Suit

Google To Pay Out $90 Million To Small App Developers To Diffuse Antitrust Suit

July 1, 2022
US Communications Regulator To Ban TikTok, Writes To Google, Apple To Yank It Off App Store

US Communications Regulator To Ban TikTok, Writes To Google, Apple To Yank It Off App Store

July 1, 2022
Leofied is Wooing African Freelancers With 10% Commission & More

Leofied is Wooing African Freelancers With 10% Commission & More

July 1, 2022
Google’s Switch To Android iOS App Now Works With Android 12 Devices

Google’s Switch To Android iOS App Now Works With Android 12 Devices

June 30, 2022
Snapchat Releases Paid Version Of Its Social App With Extra Features

Snapchat Releases Paid Version Of Its Social App With Extra Features

June 30, 2022
Samsung Kicks-Off Mass Production Of 3nm Chips Ahead Of TSMC

Samsung Kicks-Off Mass Production Of 3nm Chips Ahead Of TSMC

June 30, 2022
Private Aviation: Where It’s At Now

Private Aviation: Where It’s At Now

June 30, 2022
Headless Commerce: The Key Benefits

Headless Commerce: The Key Benefits

June 30, 2022
Cybersecurity Skills Survey Highlights Opportunities For Diverse Talents In South Africa

Cybersecurity Skills Survey Highlights Opportunities For Diverse Talents In South Africa

June 30, 2022

Browse Archives

July 2022
MTWTFSS
 123
45678910
11121314151617
18192021222324
25262728293031
« Jun    

Receive top tech news directly in your inbox

Loading

About Us

TechBooky

TechBooky is a social Tech blog with a special focus on the budding African Technology sector. TechBooky is currently based in Abuja, Nigeria.

Subscribe to TechBooky

Enter your email address to subscribe to TechBooky and receive notifications of new posts by email.

Join 17,953 other subscribers.

Popular Tags

AI (229) amazon (88) android (263) app (561) Apple (439) artificial intelligence (239) business (281) china (112) cloud (130) cryptocurrency (136) ecommerce (107) enterprise (228) facebook (461) gadget (396) gaming (149) google (526) government (367) guest post (108) instagram (131) internet (327) ios (231) iphone (193) microsoft (251) mobile (259) new feature (254) nigeria (269) privacy (126) research (132) samsung (128) security (352) smartphone (211) social media (632) software (383) startup (241) streaming (131) telecom (154) tips (310) transport (98) twitter (192) united states (179) users (103) videos (107) website (138) whatsapp (124) youtube (100)

Quick Links

  • Home
  • Africa
  • Business
  • Video
  • Metaverse
  • AI
  • Gadgets
  • Earnings
  • Tips

Popular Post

  • Trending
  • Comments
  • Latest
Top 2 Methods To Convert CSV To vCard/VCF In 2022

Top 2 Methods To Convert CSV To vCard/VCF In 2022

February 2, 2022
Apple’s WWDC22 Is Set For June 6th-10th As A Virtual Event

WWDC22: What To Expect From Apple’s Developer Conference

May 31, 2022
iOS 16 Brings Haptic Feedback To The iPhone’s Keyboard

iOS 16 Brings Haptic Feedback To The iPhone’s Keyboard

June 8, 2022
watchOS 9 Debut With New Ways To Stay Connected, Active & Healthy

watchOS 9 Debut With New Ways To Stay Connected, Active & Healthy

June 9, 2022
WWDC22: Apple Debuts New iOS 16 Lock Screen With Widgets And More

How To Download The iOS 16 Developer Beta To Try The New Features

June 8, 2022
El Salvador’s $1.4 Billion Bitcoin City Plan Wobbles As Crypto Crashes

El Salvador’s $1.4 Billion Bitcoin City Plan Wobbles As Crypto Crashes

June 25, 2022
How To Be Sure Your Online Casino Is Safe

How To Be Sure Your Online Casino Is Safe

July 1, 2022
Google To Pay Out $90 Million To Small App Developers To Diffuse Antitrust Suit

Google To Pay Out $90 Million To Small App Developers To Diffuse Antitrust Suit

July 1, 2022
US Communications Regulator To Ban TikTok, Writes To Google, Apple To Yank It Off App Store

US Communications Regulator To Ban TikTok, Writes To Google, Apple To Yank It Off App Store

July 1, 2022
Leofied is Wooing African Freelancers With 10% Commission & More

Leofied is Wooing African Freelancers With 10% Commission & More

July 1, 2022
Google’s Switch To Android iOS App Now Works With Android 12 Devices

Google’s Switch To Android iOS App Now Works With Android 12 Devices

June 30, 2022
Snapchat Releases Paid Version Of Its Social App With Extra Features

Snapchat Releases Paid Version Of Its Social App With Extra Features

June 30, 2022

Recent News

How To Be Sure Your Online Casino Is Safe

How To Be Sure Your Online Casino Is Safe

July 1, 2022
Google To Pay Out $90 Million To Small App Developers To Diffuse Antitrust Suit

Google To Pay Out $90 Million To Small App Developers To Diffuse Antitrust Suit

July 1, 2022
US Communications Regulator To Ban TikTok, Writes To Google, Apple To Yank It Off App Store

US Communications Regulator To Ban TikTok, Writes To Google, Apple To Yank It Off App Store

July 1, 2022
Leofied is Wooing African Freelancers With 10% Commission & More

Leofied is Wooing African Freelancers With 10% Commission & More

July 1, 2022
Google’s Switch To Android iOS App Now Works With Android 12 Devices

Google’s Switch To Android iOS App Now Works With Android 12 Devices

June 30, 2022
Snapchat Releases Paid Version Of Its Social App With Extra Features

Snapchat Releases Paid Version Of Its Social App With Extra Features

June 30, 2022
  • About TechBooky
  • Submit Article
  • Advertise Here
  • Contact us
  • Privacy Policy
  • Disclaimer
  • Login

© 2021 Design By Tech Booky Elite

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
  • Home
  • Africa
  • Business
  • Video
  • Metaverse
  • AI
  • Gadgets
  • Earnings
  • Tips

© 2021 Design By Tech Booky Elite

Posting....