Highlights

  • Musk offered $54.20 per share of Twitter's stock
  • Musk own 9% of Twitter

Latest news

'Laal Singh Chaddha's new song: ‘Phir Na Aisi Raat Aayegi’ is the ‘song of the decade’, says Kareena

'Laal Singh Chaddha's new song: ‘Phir Na Aisi Raat Aayegi’ is the ‘song of the decade’, says Kareena

WATCH| US President Joe Biden explains how abortion rights can be restored

WATCH| US President Joe Biden explains how abortion rights can be restored

Tears of rage vs joy as US Supreme Court strikes down abortion laws

Tears of rage vs joy as US Supreme Court strikes down abortion laws

Shiv Sena seeks disqualification of 4 more MLAs, to send notices on Saturday

Shiv Sena seeks disqualification of 4 more MLAs, to send notices on Saturday

 Concerned over use of sticky bombs, J&K police issues advisory

Concerned over use of sticky bombs, J&K police issues advisory

Elon Musk offers to buy Twitter for $43 billion

A few days back, Elon Musk rejected to join Twitter's board even as he hold more than 9% stake in the company.

Elon Musk has offered to buy Twitter for $43 billion in cash, days after rejecting to join the social media giant's board.

Twitter Inc said in a regulatory filing on Thursday that Musk, who currently owns slightly more than 9% of its stock and is the company's biggest shareholder, provided a letter to the company on Wednesday that contained a proposal to buy the remaining shares of Twitter that he doesn't already own. Musk offered $54.20 per share of Twitter's stock.

Also read/watch| Elon Musk's 'Plan B' for Twitter; is the social media giant exploring 'poison pill'?

“I invested in Twitter as I believe in its potential to be the platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy,” Musk says in the filing.

“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.” Shares of Twitter jumped nearly 12% before the market open.

Up Next

Elon Musk offers to buy Twitter for $43 billion

Elon Musk offers to buy Twitter for $43 billion

Parameswaran Iyer, PM Modi's Swachh Bharat man appointed as CEO, NITI Aayog

Parameswaran Iyer, PM Modi's Swachh Bharat man appointed as CEO, NITI Aayog

Solana launches $1,000 crypto smartphone

Solana launches $1,000 crypto smartphone

DHFL fraud: Yes Bank to PM Housing Scheme, Rs 34,000 cr scam explained

DHFL fraud: Yes Bank to PM Housing Scheme, Rs 34,000 cr scam explained

NYC rents hiked by most in 10 years: Only 1 out of 5 full-time workers can afford it

NYC rents hiked by most in 10 years: Only 1 out of 5 full-time workers can afford it

Price of scooter and bikes to be hiked from July 1

Price of scooter and bikes to be hiked from July 1

More videos

What a return gift! Birthday boy Gautam Adani to give $7.7 bn for social cause

What a return gift! Birthday boy Gautam Adani to give $7.7 bn for social cause

Season 1 Episode 2: Netflix binge layoffs continue

Season 1 Episode 2: Netflix binge layoffs continue

Explained: Germany one step away from rationing gas, Russia cuts supply

Explained: Germany one step away from rationing gas, Russia cuts supply

Media Mogul Rupert Murdoch heads for 4th divorce at 91

Media Mogul Rupert Murdoch heads for 4th divorce at 91

EV on fire: India's top selling EV - Tata Nexon catches fire

EV on fire: India's top selling EV - Tata Nexon catches fire

Priyanka Chopra launches homeware line in New York, talks about being an immigrant in US

Priyanka Chopra launches homeware line in New York, talks about being an immigrant in US

Did Uber explore selling India unit?

Did Uber explore selling India unit?

Grasping at straws! Juice boxes face big problems, squeezed by deadline

Grasping at straws! Juice boxes face big problems, squeezed by deadline

Is the crypto ecosystem crumbling? Layoffs to withdrawals the chips start to fall

Is the crypto ecosystem crumbling? Layoffs to withdrawals the chips start to fall

Explained: Big changes from July 1 for your credit card, banks not ready

Explained: Big changes from July 1 for your credit card, banks not ready

Editorji Technologies Pvt. Ltd. © 2022 All Rights Reserved.