Millionaire Tech Mogul Arrived Last week he bought a 9.2 percent stake in Twitter 8 2.89 billion per share, Making him the largest single shareholder in the company. Rumors swirled quickly that the massive purchase signaled a final “all-out buyout” interest, although such an attempt was soon expected.
But an SEC Filing Mask confirmed yesterday that it had “submitted an official offer to buy 100 percent of Twitter.” Twitter itself has confirmed receiving an “unsolicited, non-binding offer”, offering to buy all of the company’s stock for $ 54.20 per share – a total of $ 43 billion.
“Twitter’s board of directors will carefully review the proposal to determine the move, which it believes is in the best interests of the company and all Twitter stockholders,” the social network wrote in its summary. Statement.
Those familiar with Mask’s previous Twitter antics will not be surprised to learn that his proposal is at least partially inspired by freedom of speech. In his note (included in the SEC filing), Musk told chairman Brett Taylor that he believed in Twitter’s potential to be a “global free speech platform”, but that “the company needs to be personal and make changes.” Musk said he did not believe he could carry out these changes through his current role as a shareholder and that if his offer was rejected, he would probably have to reconsider his position in the public market.
But what could be the desired changes in the mask in particular? If anything goes by his tweets, mask Displayed Being interested in implementing an edit button is a feature of many other social networks, but Twitter has lacked it from the beginning. There is also a pretty decent chance that he will change Twitter’s content restraint policies. Musk has had problems several times with various alphabet soup agencies for his tweets, although it’s important to remember that Twitter’s ownership will only give Musk the power to change the company’s social norms, not the government’s.