• Home
  • About
  • Privacy Policy
  • Contact
Tech News, Magazine & Review WordPress Theme 2017
  • Home
  • News
    • E-Business
    • Security
    • Digital Culture
  • How To
  • Review
  • Device
    • Accessories
    • Laptops
    • Smartphone
    • Cameras
    • Review
    • Smartwatch
  • Apps
  • Games
  • Social Media
  • Electric Vehicles
No Result
View All Result
  • Home
  • News
    • E-Business
    • Security
    • Digital Culture
  • How To
  • Review
  • Device
    • Accessories
    • Laptops
    • Smartphone
    • Cameras
    • Review
    • Smartwatch
  • Apps
  • Games
  • Social Media
  • Electric Vehicles
No Result
View All Result
Teknowire
No Result
View All Result
Home News E-Business

Twitter Agrees To Sell Company To Elon Musk US$44 Billion

Charles Khan by Charles Khan
April 25, 2022
Elon Musk Twitter 750x375 - Twitter Agrees To Sell Company To Elon Musk US$44 Billion
Share on FacebookShare on Twitter

Twitter confirmed that it agreed to sell the company to billionaire entrepreneur Elon Musk for $44 billion Tuesday. Under the terms of the deal, shareholders will receive $54.20 in cash for every Twitter share they own, consistent with Musk's original offering and marking a 38 percent premium to the share price the day before Musk discloses his stake in the company.

“The Twitter board undertook a thoughtful and comprehensive process to assess Elon's proposal with a focus on value, certainty and financing,” Twitter independent board chairman Bret Taylor said in a statement.

He called the deal “the best way forward for Twitter shareholders.”

Musk has gone through a long journey to be able to buy the social media platform Twitter (TWTR). From criticizing, buying few shares, refusing to enter the board of directors to finally buying the company for $44 billion.

Previously, Elon Musk only bought 9.2 percent of Twitter shares and made it the largest individual shareholder. As part of the share purchase, he was asked to join the board of directors.

But he turned down the offer the same day he was offered. Even so, he still tweets about the potential for an overhaul on Twitter.

Long before this offer, Musk was convicted by the US Securities and Exchange Commission (SEC) of issuing a false and misleading tweet after declaring that he would buy all of Tesla's shares worth US$420 in 2018.

Until in the end he decided to submit an offer to buy all the Twitter shares that he had not controlled.

According to filings with the SEC on Thursday (14/4), Musk offered to acquire shares in Twitter that he didn't own for $54.20 per share.

“[Elon] made an offer to buy 100 percent of Twitter [shares] at $54.20 per share in a cash transaction and then make it private,” Forbes quoted him as saying.

Musk added that the $54.20 per share offer was his “best and last offer”. If not accepted, he will “reconsider” his position as the company's largest shareholder.

The Tesla and SpaceX CEO, in the data filing, expressed confidence in Twitter's potential to become a free speech platform and serve “urgent social needs”.

Based on SEC data, the offer was sent to the company on Wednesday (13/4) evening. With Musk's offering, Twitter's valuation is estimated at $43 billion.

g news - Twitter Agrees To Sell Company To Elon Musk US$44 Billion Follow Teknowire on Google News
Tags: elon musksocial mediateslatwitter
Charles Khan

Charles Khan

Charles has been covering the gadget news scene since 2010. Have passion in game and blockchain technology.

Subscribe.

Trending.

Garmin Fenix ​​7

Review Garmin Fenix 7X Sapphire Solar

Acer Swift 5 (SF514-56T) specifications

Everything you should know about Acer Swift 5 (SF514-56T)

February 24, 2022
miHoYo, creator of Genshin Impact opens head office in Singapore

miHoYo, creator of Genshin Impact opens head office in Singapore

July 24, 2022
Amazon will lay off 10000 employees this week 120x86 - Twitter Agrees To Sell Company To Elon Musk US$44 Billion

Amazon will lay off 10,000 employees this week

November 16, 2022
Review MSI Steath 15M - B12U

Review MSI Stealth 15M – B12U

Teknowire

Teknowire is a technology news portal. We cover consumer tech, digital lifestyle, innovation, scientific breakthroughs, the future, and meaningful analysis for readers.

Follow Us

Categories

  • Accessories
  • Apps
  • Cameras
  • Device
  • Digital Culture
  • E-Business
  • Electric Vehicles
  • Game
  • How To
  • Laptops
  • News
  • Review
  • Security
  • Smartphone
  • Smartwatch
  • Social Media
  • Tablets
  • UnCat

Tags

android apple Audio battery camera Chip chipset design display facebook Fast Charging game games Gaming google how to iphone laptop memory Meta microsoft Monitor Operating System OS price processor Qualcomm RAM samsung Screen security smartphone smartwatch snapdragon Snapdragon 8 social media Speaker spec specification storage Streaming tiktok twitter video Xiaomi

Recent News

macbooks m2 pro max graphics cpu performance 1 120x86 - Twitter Agrees To Sell Company To Elon Musk US$44 Billion

New MacBook Pro with M2 Pro and M2 Max Chips Offer Improved Graphics and CPU Performance

January 22, 2023
Keychrons Q1 Pro 120x86 - Twitter Agrees To Sell Company To Elon Musk US$44 Billion

Keychron’s Q1 Pro : Everything you should know

January 22, 2023
Twitter confirms vulnerability exposed data that affected millions of accounts

Twitter Introduces More Expensive Blue Subscription Tier for Ad-Free Browsing Experience

January 22, 2023
AltspaceVR 120x86 - Twitter Agrees To Sell Company To Elon Musk US$44 Billion

Microsoft to Close Social Virtual Reality Platform AltspaceVR, Focus on Mixed Reality Platform Mesh

January 22, 2023
  • Home
  • About
  • Privacy Policy
  • Contact

© 2022 Teknowire - Developed by Teknowire.

No Result
View All Result
  • Home
  • News
    • E-Business
    • Security
    • Digital Culture
  • How To
  • Review
  • Device
    • Accessories
    • Laptops
    • Smartphone
    • Cameras
    • Review
    • Smartwatch
  • Apps
  • Games
  • Social Media
  • Electric Vehicles

© 2022 Teknowire - Developed by Teknowire.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Hey Friend! Get the latest technology news straight into your inbox!

Don't worry, we don't spam

Close this popup