Elon Musk, the CEO of Tesla, has offered to acquire Twitter, claiming that the social media network, which he has chastised for not upholding free speech ideals, needs to be converted into a private firm.
In a regulatory filing on Thursday, Twitter Inc. revealed that Musk, the business’s largest individual shareholder, is leaving the company.
Elon Musk salary and net worth in 2022
Musk is presently worth an estimated $273 billion, and his publicly traded electric vehicle firm, Tesla, has the financial wherewithal to acquire Twitter.
How much does Elon Musk want to buy Twitter?
According to a regulatory filing issued Wednesday, the world’s richest person is now willing to buy the company for $43 billion in cash, or $54.20 per share.
Does Elon Musk have enough money to buy Twitter?
Musk claims that he believes in Twitter’s potential and that the social media platform has to be altered.
Musk’s offer of $54.20 a share is 38% higher than the value of Twitter stock the day before his investment was publicly publicized, and 18.2 percent higher than the closing price on Wednesday.
In early Thursday morning trade, Twitter shares was up more than 2%.
