On 14th April Elon Musk offered to buy Twitter for $54.20 a share. Twitter accepted the deal on 25th April.
According to SEC filings, Musk sold about 9.6 million shares in Tesla, worth around $8.4 billion, as he seeks to line up the financing for his takeover bid of Twitter. Tesla’s share price fell about 12 percent earlier in the week, but has since edged up about 3.5 percent.
On April 25th, Twitter’s board of directors accepted Musk’s offer of $54.20 per share, or $44 billion, for total control of the company. It was the same price he named in his initial offer on April 14th. Upon completion of the transaction, Twitter will become a private company.
Answers ( 1 )
On 14th April Elon Musk offered to buy Twitter for $54.20 a share. Twitter accepted the deal on 25th April.
According to SEC filings, Musk sold about 9.6 million shares in Tesla, worth around $8.4 billion, as he seeks to line up the financing for his takeover bid of Twitter. Tesla’s share price fell about 12 percent earlier in the week, but has since edged up about 3.5 percent.
On April 25th, Twitter’s board of directors accepted Musk’s offer of $54.20 per share, or $44 billion, for total control of the company. It was the same price he named in his initial offer on April 14th. Upon completion of the transaction, Twitter will become a private company.