Last minute: Elon Musk, CEO of SpaceX and Tesla, agreed to buy the US-based social media platform Twitter for $ 44 billion. In the statement made on Twitter, it was reported that the agreement was reached to sell the company to Musk for $ 54.2 per share. In the statement, it was noted that after the completion of the transaction, Twitter will become a private company.
ATTENTION MESSAGE
“Freedom of expression is the cornerstone of a functioning democracy, and Twitter is the digital town square where issues vital to the future of humanity are discussed,” Musk said in the statement. used the phrase.
Stating that he wants to make Twitter better than ever, Musk noted that Twitter has tremendous potential and that he looks forward to working with the company and users to reveal it.
Musk, who previously bought a 9.2 percent stake in Twitter, made an offer of $54.2 per share for the entire Twitter, in his statement on April 14.
TWITTER TAKES PRECAUTIONS
After Elon Musk made an offer to buy the whole of Twitter for about $43 billion, Twitter took a measure called the “poison pill” on April 15. The company’s board of directors unanimously approved the limited-term shareholder rights plan.
With this measure, existing shareholders other than potential buyers retained their right to buy more shares in the company at a lower price. It was stated that the plan would come into play if Musk or another investor bought more than 15 percent of the company’s shares.
In the news in the US media, it was reported that Musk started negotiations with the board of the social media company to buy Twitter. After the news in question, Twitter’s shares traded on the New York stock exchange gained more than 5 percent.