The Tesla boss wants to take over Twitter,
(Photo: AP)
san francisco Tech billionaire Elon Musk launches attempt to buy Twitter. The head of the electric car manufacturer Tesla announced on Thursday an offer to buy all shares in the short message service. The billionaire announced just last week that he holds 9.2 percent of Twitter, making it the largest single shareholder.
Musk is now offering all shareholders $54.20 per share, according to a SEC filing. The stock closed at just under $46 on Wednesday. Musk announced that he wanted to delist Twitter after an acquisition. The company would be valued at a good $41 billion in the offer.
“My offer is the best and final offer,” Musk said on Thursday. “If it is not accepted, I would have to reconsider my position as a shareholder.”
In a first reaction on Thursday, Twitter shares rose almost 14 percent premarket. Tesla shares lost 1.4 percent.
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