Twitter Share Price Jumps 12% in Pre-Market As Elon Musk Announces 100% Buyout Interest $TWTR

mm
1 Min Read
Elon Musk

The world’s richest man, Elon Musk is trying to buy 100 percent of microblogging platform Twitter at $54.20 per share and take the company private.

In a tweet on Thursday, the Tesla CEO revealed details of a filing to the US Securities and Exchange Commission (SEC).

He wrote:

Musk’s bid to buy 100 percent of Twitter, if successful, will set him back by $43 billion.

The filing contained a proposal to the Bret Taylor-led Board of Twitter offering to buy the popular social media giant.

A copy of the proposal is reproduced below:

Elon Musk - Twitter

Meanwhile, Twitter’s share price opened at $45.85 per share on the New York Stock Exchange (NYSE) but jumped by 12 percent to $51.63 following the announcement.

Elon Musk - Twitter

Details later…

TAGGED: ,
Share this Article
John is a University of Lagos-trained journalist who has read almost every novel written by Chinua Achebe, Jeffrey Archer and Dan Brown. He's an expert Scrabble and draughts player who is also excellent at swimming.
Leave a comment