Last week, Musk agreed in principle with the company, which offered $54.2 per share of Twitter, or about 1500 lira.
In a press release, Twitter reported that it has entered into a final agreement with Musk on the sale of stocks. According to this deal, Twitter’s stakeholders will receive $54.2 in cash per share they own at the end of the deal.
“The Twitter Board of Directors has conducted a thoughtful and thorough process to evaluate Elon’s proposal with a focus on value, certainty and funding. The proposed transaction will result in a substantial cash bonus and we believe it is the best way forward for Twitter’s shareholders.” said.
Twitter was in principle sold to Elon Musk
Twitter CEO Parag Agrawal, on the other hand, pointed out that Twitter has a purpose that affects the whole world, and stated that they are proud of their team. What we do know, however, is that the sale took place two days later, in response to this offer, which Twitter’s major shareholder, Saudi prince Walid bin Talal, thought was “not high enough.” With the completion of this transaction, Twitter will become a private company.
On the other hand, Elon Musk’s thoughts and plans about Twitter are to further develop the “product”, add new features, rearrange the algorithm as open source, save one of Twitter’s biggest problems, Spam Bots, and not only celebrities, but all human users. to have it certified.
Musk, who previously offered $43 billion for Twitter, opened the mouth of the bag. If we go into the details of this agreement, approximately 44 billion dollars is easy to say but difficult to generate in cash. We know that Musk has recently earned more than $22 billion from Tesla share sales. The remaining amount will be financed by Morgan Stanley.
So why did Morgan Stanley give $22 billion to Musk? Morgan Stanley is best known for making the rich richer. However, only time will tell what the control of this most used idea platform by the richest people in the world will bring for us.