From Tesla founder to social media boss: Elon Musk (50) buys Twitter! The US short message service is ready to accept the Tesla boss’s offer of $ 54.20 per share.
By Robert Becker
The takeover is worth 44 billion dollars (41.1 billion euros). The online service announced on Monday that it had reached a deal with Elon Musk. Twitter will then be taken off the stock market.
Both parties had started negotiations on Monday night. According to insiders, some shareholders wanted to get a higher price. Musk had described his offer as his best and last.
The shares closed at $48.93 on Friday. Twitter and Musk, who according to Forbes are officially the richest man in the world with assets of $265 billion (247 billion euros), were initially unavailable for comment.
According to the insiders, Twitter was not allowed to solicit any further offers during the negotiations. Nevertheless, it would have been possible for the US group to accept the offer from a third party. However, a dissolution fee would have had to be paid to Musk for this.
