According to Bloomberg, billionaire Elon Musk has offered to buy 100% of Twitter’s shares, at $54.2 per share. Thereby fully owning this social networking site.
Thus, the total value of the acquisition of Twitter that Elon Musk proposed will be about 43 billion USD. If completed, Twitter will be the billionaire’s own company.
Earlier, Elon Musk declined an invitation to join Twitter’s board of directors. This billionaire currently holds 9.2% of Twitter shares with a total value of up to $ 2.9 billion at the stock exchange price as of April 1, and is the largest shareholder of Twitter.
Contrary to rumors that he will build his own social networking site, Elon Musk has bought a famous site to save time.
I made an offer https://t.co/VvreuPMeLu
— Elon Musk (@elonmusk) April 14, 2022
Netizens joked that Musk will now be free to post what he likes without fear of violating Community Standards.
