Elon Musk's offer to buy Twitter

Yes, you've read right. Elon Musk offered to buy 100% of Twitter ($TWTR) and make the company private.

In his request, made public as a SEC (United States Securities and Exchange Commission) document, Musk states that the company (Twitter) would not achieve the goals he has for the company, as long as he remains a minority share holder.

However, since making my investment I now realize the company will neither thrive nor serve this societal imperative in its current form. Twitter needs to be transformed as a private company.

Elon Musk to Bret Taylor (Twitter, Chairman of the Board)

Musk is offering to buy all the TWTR shares for $54.20:

As a result, I am offering to buy 100% of Twitter for $54.20 per share in cash

This means a 18% higher price than Twitter's last closing price at $45.85. Musk claims that this is a great deal for current shareholders.

However Twitter's highest stock price was above $70. The bid may be too low to be widely accepted.

Pre-Market movement shows TWTR up more than 6% after the news.

Screenshot from Google Finance
Claudio Kuenzler
Claudio has been writing way over 1000 articles on his own blog since 2008 already. He is fascinated by technology, especially Open Source Software. As a Senior Systems Engineer he has seen and solved a lot of problems - and writes about them.

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