Elon Musk wants to buy Twitter for 40 billion

Iconic Tesla boss and Space X founder Elon Musk confirmed today that he has made an offer to acquire Twitter in its entirety. Filed this Wednesday, April 13 with the American financial authorities, the offer provides for a repurchase of up to 54.20 dollars per share for a total amount of 40 billion dollars. A sum that the billionaire claims to want to pay cash.

This takeover proposal comes a few weeks after Elon Musk refused to join the board of directors of Twitter… of which he recently became the majority shareholder, currently holding just over 9% of the capital of the company. business.

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It’s about of my best and my last offer. If it is refused, I should reconsider my place as a shareholder “Said Elon Musk, who seems in his own way to put pressure on the current management of the company. ” I don’t trust management and I don’t believe I can drive the necessary changes in the context of a stock market listing “, also specified the person concerned. In the event of a takeover, Musk wants Twitter to return to being a private, unlisted company.

When Elon Musk wants to get his hands on Twitter to emancipate him

In its current form, Twitter will not be able to fulfill its societal mission”, assured Elon Musk, who believes that the social platform “ must be transformed and become a private company again “. ” Twitter has huge potential, and I’m going to unleash it “promised the entrepreneur, accustomed to shock statements.

If the prospect of a takeover of Twitter by Elon Musk has increased the action of the social network by 13.6%, it does not only make people happy. Internally the feelings would be mixed to say the least, as reported by the Washington Post, quoted by Les Échos. Some Twitter employees fear in particular that the values ​​of the boss of Tesla are not compatible with those defended so far by the company.

For his part, Elon Musk already sees himself there. In recent weeks, the billionaire has chained provocative tweets, for example polling his 81.6 million subscribers to find out if they would be in favor of adding a feature to correct a tweet already published. A function that Twitter has so far refused to test.

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