The purchase price represents a 38% premium to Twitter's closing stock price on April 1, which was the last trading day before Musk disclosed he owned a 9% stake in the platform. "The Twitter Board conducted a thoughtful and comprehensive process to assess Elon's proposal with a deliberate ...
Musk's efforts have raised hopes about the commercial potential of Twitter, which has struggled to achieve profitable growth despite its influential spot in culture and politics. Under Agrawal, who took over as Twitter CEO late last year, the company has made progress on new monetization features,...
Musk has already sold off more than $8 billion worth of his Tesla shares to help finance the Twitter purchase. Originally he had committed to borrowing $12.5 billion with Tesla stock as collateral. He would borrow $13 billion more from banks and put up $21 billion in Tesla shares that wou...
— Elon Musk (@elonmusk) October 4, 2022 “The only thing that’s surprising is that he didn’t manage to knock a dollar off the deal price.” “We received the letter from the Musk parties which they have filed with the SEC,” Twitter’s investor relations account said— where else...
Twitter's shares jumped more than 25% in price following Monday's news. Musk now controls nearly 73.5 million shares of the company, making him the largest shareholder, and individual stocks were priced at $49.81 on Monday morning. Musk's purchase comes roughly a week after the...
In April 2022, Musk offered to purchase Twitter outright in exchange for $44 billion in cash. That worked out to $54.20 per share, a significant premium over the stock’s price at the time. In other words, existing investors would receive a 38% higher cash payout if Musk’s offer went...
But Wall Street analysts see the airing of doubts as a tactic aimed at lowering the purchase price for Twitter at a time when Tesla's falling stock price is denting Musk's personal wealth. Indeed, at the Miami conference Musk said that a lower acquisition price for Twitter "wouldn't be ...
美国:据美国媒体和Twitter的一名投资者透露,世界首富埃隆·马斯克(Elon Musk)已完成440亿美元(381亿英镑)对Twitter的收购。 He tweeted “the bird is freed,” in an apparent reference to the deal closing. A number of top executives, including the boss, Parag Agrawal, have reportedly been fired. ...
Tesla CEO Elon Musk, who has expressed concern over protecting freedom of speech in the "de facto public town square" of Twitter, disclosed Monday a large stake in the social media company, sending shares soaring.
cash for each share of Twitter common stock that they own upon closing of the proposed transaction. The purchase price represents a 38% premium to Twitter's closing stock price onApril 1, 2022, which was the last trading day before Mr. Musk disclosed his approximately 9% stake in Twitter....