Elon Mask plans to acquire a total of $ 43 billion worth of Twitter shares. If the deal goes through, Mr. Musk wants to take Twitter off the stock market to continue to operate as a wholly private company. Twitter shares have risen 18 percent since the news broke.
Ilan Mask has announced that he will pay all this huge amount in cash. “I do not have the patience to play and bargain,” Ilan Musk wrote in a Twitter offer. Such an amount is great for buying Twitter, and the company’s shareholders will be satisfied with this amount. Given that I do not trust the current management to make the necessary changes, I will have to reconsider the shares I have if this request is rejected. This is not a threat. “Simply put, investing in this company without the necessary changes is not a wise thing to do.”
Some time ago, the news of the purchase of 9.2% of Twitter shares was published by Ilan Musk. Mr. Musk then turned down an offer to join the company because, if he accepted, he would face restrictions on buying more shares in the company. In any case, we have to see if this proposal will be approved by Twitter executives or not. In this regard, we should mention the complaint of a group of Twitter shareholders against Ilan Musk, because he officially announced this news 11 days after buying the shares of Twitter, and such a thing is illegal.