{"id":60109,"date":"2022-04-14T14:13:39","date_gmt":"2022-04-14T11:13:39","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=60109"},"modified":"2025-09-05T01:33:30","modified_gmt":"2025-09-04T22:33:30","slug":"elon-musk-proposes-over-43-billion-to-buy-twitter","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/elon-musk-proposes-over-43-billion-to-buy-twitter\/","title":{"rendered":"Elon Musk proposes over $43 billion to buy Twitter"},"content":{"rendered":"<p>Elon Musk has offered to buy Twitter at a price of $54.2 per share, according to SEC documents. The billionaire called the offer &#8216;the best and final&#8217;.<\/p>\n<blockquote class='wp-block-quote is-layout-flow wp-block-quote-is-layout-flow'>\n<p>&#8216;I offer to buy 100% of Twitter&#8217;s shares at a price of $54.2 per share, which is 54% higher than their value the day before I began investing in the company, and 38% higher than the day before my investment was publicly announced. My offer is the best and final; if it is not accepted, I will have to reassess my position as a shareholder&#8217;, according to Musk&#8217;s statement.<\/p>\n<\/blockquote>\n<p>According to CNBC, Twitter issued 800.64 million shares \u2014 the deal value, if approved, would exceed $43 billion.<\/p>\n<p>As a financial adviser for the takeover, Musk hired Morgan Stanley.<\/p>\n<div class='wp-block-text-wrappers-update-2 article_update'><time class='gtb_text-wrappers_update_time'>April 14, 2022 | 14:30<\/time><span class='gtb_text-wrappers_update_head'>Update: <\/span><\/p>\n<p>Justin Sun decided to top Musk&#8217;s offer \u2014 the founder of Tron said he was prepared to acquire Twitter at $60 per share.<\/p>\n<figure class='wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter'>\n<div class='wp-block-embed__wrapper'>\n<blockquote class='twitter-tweet' data-width='500' data-dnt='true'>\n<p lang='en' dir='ltr'>I believe <a href='https:\/\/twitter.com\/twitter?ref_src=twsrc%5Etfw'>@Twitter<\/a> is far from unleashing its full potential, thus I am offering $60 per share to take the platform private. But we fully support the reform initiatives of <a href='https:\/\/twitter.com\/elonmusk?ref_src=twsrc%5Etfw'>@elonmusk<\/a> and would love to see Twitter becoming crypto-native and Web3 friendly.<\/p>\n<p>\u2014 H.E. Justin Sun \ud83d\udc68\u200d\ud83d\ude80 (Astronaut Version) (@justinsuntron) <a href='https:\/\/twitter.com\/justinsuntron\/status\/1514562189545263104?ref_src=twsrc%5Etfw'>April 14, 2022<\/a><\/p><\/blockquote>\n<p><script async src='https:\/\/platform.twitter.com\/widgets.js' charset='utf-8'><\/script>\n<\/div>\n<\/figure>\n<blockquote class='wp-block-quote is-layout-flow wp-block-quote-is-layout-flow'>\n<p>&#8216;I believe Twitter is far from unleashing its full potential. Therefore I am offering $60 per share to take the platform private. However we fully support Musk&#8217;s reform initiatives and would like the company to become crypto-native and Web3-friendly,&#8217; he wrote.<\/p>\n<\/blockquote>\n<\/div>\n<p>Following Tesla&#8217;s chief&#8217;s statement, Twitter shares rose about 11% in premarket trading on the NYSE. As of writing, the securities were trading near $51.<\/p>\n<figure class='wp-block-image size-large'><img loading='lazy' decoding='async' width='1024' height='490' src='https:\/\/u1f987.com\/wp-content\/uploads\/TWTR_2022-04-14_14-04-38-1024x490.png' alt='Elon Musk proposes over $43 billion to buy Twitter' class='wp-image-170418' srcset='https:\/\/u1f987.com\/wp-content\/uploads\/TWTR_2022-04-14_14-04-38-1024x490.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/TWTR_2022-04-14_14-04-38-300x144.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/TWTR_2022-04-14_14-04-38-768x368.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/TWTR_2022-04-14_14-04-38-1536x735.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/TWTR_2022-04-14_14-04-38.png 1834w' sizes='auto, (max-width: 1024px) 100vw, 1024px' \/><figcaption>Hourly TWTR price chart on the NYSE. Data: <a href='https:\/\/ru.tradingview.com\/symbols\/NYSE-TWTR\/'>TradingView<\/a>. <br \/><\/figcaption><\/figure>\n<p>In April 2022, Musk <a href=\"https:\/\/u1f987.com\/en\/news\/elon-musk-acquires-9-2-stake-in-twitter\">became the largest shareholder of Twitter<\/a>, buying 9.2% of the company&#8217;s securities for $2.89 billion. Earlier the billionaire criticised the social network&#8217;s free-speech policy.<\/p>\n<p>Earlier, the head of Tesla proposed lowering the price of Twitter Blue and offering users <a href=\"https:\/\/u1f987.com\/en\/news\/elon-musk-proposes-paying-for-twitter-blue-with-dogecoin\">the ability to pay for the premium service in Dogecoin (DOGE)<\/a>.<\/p>\n<p>Read ForkLog&#8217;s Bitcoin news on our Telegram \u2014 crypto news, prices and analytics.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Elon Musk has offered to buy Twitter at a price of $54.2 per share, according to SEC documents. The billionaire called the offer &#8216;the best and final&#8217;.<\/p>\n","protected":false},"author":1,"featured_media":60110,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1217,40],"class_list":["post-60109","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-elon-musk","tag-twitter"],"aioseo_notices":[],"amp_enabled":true,"views":"19","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/60109","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=60109"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/60109\/revisions"}],"predecessor-version":[{"id":60111,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/60109\/revisions\/60111"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/60110"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=60109"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=60109"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=60109"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}