No Twitter board, just Twitter; Musk's new offer!

D N INDUJAA

Elon Musk, the world's richest man and CEO of Tesla, is also trying to rule on social media. 
For this, they have offered to buy twitter, the largest microblogging company. This was reported by Reuters.
According to Reuters, Elon Musk has expressed his intention to buy Twitter. It has also made an offer of 41 billion. A few days after being denied a seat on Twitter's board of directors, he has now expressed his intention to buy Twitter. 
Musk, meanwhile, bought a 9.2 percent stake in micro-blogging site twitter on april 4. This information was provided in the US SEC (Securities and Exchange Commission) filing. According to a report in The Economic Times, Twitter's share price has risen sharply since the announcement. twitter Inc. Elon Musk has 73,486,938 common stocks, according to the filing. Shares of twitter Inc rose 25.8 percent to 49 49.48 in pre-market trading.

Two days later, Musk refused to join Twitter's board of directors. This information was given by Parag Agarwal, CEO of Twitter. "As Twitter's largest shareholder, we offered him a seat on Twitter's board of directors," Agarwal tweeted. The matter was discussed with him several times, but he turned down the offer. As they are our largest shareholders, we welcome their decisions.
 


Find Out More:

Related Articles: