Twitter stock

Elon Musk offered to buy Twitter for $54.20 a share, saying the social media company needs to be transformed privately.

My offer is my best and final offer and if it is not accepted, I would need to reconsider my position as a shareholder. "My offer is my best and final offer and if it is not accepted, I would need to reconsider my position as a shareholder." The Tesla CEO has previously criticized the social media giant publicly, polling people on Twitter last month about whether the company abides by free speech principles. 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. CNBC's David Faber reported on " Squawk on the Street" that Twitter's board will meet at 10 a.m. to evaluate the bid, per people familiar. "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 wrote in a letter sent to Twitter Chairman Bret Taylor and disclosed in a securities filing.

Tesla CEO Elon Musk is offering to buy Twitter, a swift turn just days after deciding not to join the social media company's board of directors.

My offer is my best and final offer and if it is not accepted, I would need to reconsider my position as a shareholder. "Twitter is too important to be owned and controlled by a single person," he wrote. "There will be host of questions around financing, regulatory, balancing Musk's time (Tesla, SpaceX) in the coming days but ultimately based on this filing it is a now or never bid for Twitter to accept," Ives said. "By failing to timely disclose his ownership stake, Musk was able to acquire shares of Twitter less expensively during the Class Period," the lawsuit states. But Musk backed out of the deal and launched a series of since-deleted tweets about how to better the company – all before this takeover attempt. Twitter needs to be transformed as a private company.”

Shares of Twitter Inc. undefined soared 12.2% in premarket trading Thursday, after Tesla Inc. undefined "Technoking" Elon Musk disclosed a proposal to buy.

The disclosure comes in a 13D/A filing with the Securities and Exchange Commission early Thursday, in which Musk confirmed his previous disclosure of owning 73.12 million Twitter shares, or 9.1% of the shares outstanding. Shares of Twitter Inc. TWTR,+3.55%soared 12.2% in premarket trading Thursday, after Tesla Inc. TSLA,-3.43%"Technoking" Elon Musk disclosed a proposal to buy all of the outstanding shares of the social media company he doesn't already own for $54.20 each. That represents an 18.2% premium to Wednesday's closing price of $45.85. With 800.64 million shares outstanding as of Feb. 10, Musk's bid would value Twitter at $43.39 billion.

Shares of Twitter Inc. soared Thursday, after its largest shareholder Elon Musk disclosed a bid to buy the rest of the social media company's stock that he.

Twitter than said it had named Elon Musk to its board of directors, only to have Musk confirm later that he wouldn’t join the board after all and could instead engage with the company without limitation. Twitter needs to be transformed as a private company.” Twitter’s stock has gained 9.0% year to date but has tumbled 32.5% over the past 12 months. Musk said that he would not play a “back-and-forth game” and that his $54.20-per-share bid is his “best and final offer.” However, since making my investment I now realize the company will neither thrive nor serve this societal imperative in its current form. Twitter said it would “carefully review” Musk’s “unsolicited” bid and determine what it believes would be in the best interest of the company and its shareholders.

Musk's offer comes after the Tesla and SpaceX CEO became Twitter's largest shareholder. Musk says he will unlock Twitter's potential.

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Elon Musk wants to buy 100% of twitter, so is now a good to time to buy its shares? Here's a look at the arguments and guidance on how to make a share ...

In other words, don’t buy Twitter or any other shares thinking you are on to a sure-fire winner. Although Musk has said he’s not playing the ‘back-and-forth game’ the question is whether he would up his offer if it is rejected, which is difficult to predict, just like Musk himself.” Of course, if someone were to buy at today’s price and the deal did not go through and the price then fell, they would be left with a trading loss. “The biggest change, however, would be that the company would go private, allowing more flexibility and requiring less accountability. “Mr Musk has priced his offer attractively at a significant premium to yesterday’s close making Twitter’s decision even more difficult. The shares rose on news of the offer to reach $51.

The chief executive would likely need to sell more Tesla shares in order to fund an acquisition. Musk has been spending time pulling in and out of Twitter ...

SpaceX has completed multiple high-altitude flight tests with its Starship prototypes, but the prototype's next major step is to reach space. Tesla also is still facing chip shortages, inflationary and other supply chain pressures plaguing the entire auto (and solar) industry. He later planned to sit on the company’s board of directors, if approved, but then reversed that decision. The majority of his followers voted yes. "One, TSLA is currently in the early days of ramping two factories, Austin & Berlin, which will likely double its global capacity. The acquisition offer is the latest development in Musk's Twitter saga over the last week.

Shares of Twitter ( TWTR 0.76% ) were running 1.8% higher at 10:42 a.m. ET on Thursday after Elon Musk offered to buy the short-form messaging platform for ...

With the stock only rising 3% at the market's open, it's fair to suggest there's not a lot of faith that Twitter will accept the bid. Musk had also said that was his "best and final" offer for the company, and if it wasn't accepted, he would consider dumping all of his stock in the company. His bid today, announced with the tweet "I made an offer," shows in what direction he wants to go.

The Tesla chief executive made an offer worth more than $40 billion to buy Twitter and take it private.

But long hours and unpredictable workloads have long been part of the reality of the industry. Twitter said it would “carefully review the proposal to determine the course of action that it believes is in the best interest of the Company and all Twitter stockholders.” Dan Ives, an analyst at Wedbush, told DealBook that Musk’s approach “is going to put unbelievable pressure on the board from a fiduciary perspective.” Twitter’s board is likely to argue that the price is too low and question the strategic course of the company in Musk’s hands. The Justice Department is leaning on an old law in a new way. A key part of the U.S. pandemic recovery playbook has been to pump money into the pockets of consumers. Spending was up 15 percent in the first eight days of April. The banks’ recent results suggest, however, that there is a limit to what consumers can spend without trouble. — Ken Smythe of Next Round Capital Partners on the prospects for delivery start-ups, whose pandemic bump in orders has started to tail off. The 60-day delinquency rate on subprime auto loans in the U.S. was nearly 5 percent in February, the highest since early 2020 and up from under 4 percent a year ago. Musk will face questions about whether he has the capacity to personally buy out a social media giant given his day jobs as C.E.O. of Tesla and SpaceX. (Twitter’s co-founder Jack Dorsey faced questions about whether he could be C.E.O. of Twitter and Square, and stepped down from Twitter.) It is also not lost on market watchers that $54.20 a share is an echo of Musk’s infamous, ill-fated 2018 proposal to take Tesla private at $420 per share. Musk said he had lost confidence in Twitter’s management to fulfill the company’s “societal imperative” as a platform for free speech. It may seem strange to ask about a person with a net worth of $270 billion, but it’s noteworthy that there are no details about the financing of Musk’s proposal. “After the past several days of thinking this over, I have decided I want to acquire the company and take it private,” Musk told Twitter’s chairman, Bret Taylor, in a communication made public today. His “best and final offer,” as he put it in a financial filing, is $54.20 a share, nearly 40 percent higher than Twitter’s stock price before the mercurial billionaire’s purchases became public.

His takeover bid at $54.20 a share comes just weeks after he became the company's largest shareholder.

The possibility that Mr. Musk might move to buy the company outright arose this week, when Twitter announced that he would no longer join the board. When Elon Musk mulled taking Tesla private in 2018, he posted on Twitter to tell the world about it. When Twitter’s chief executive said Mr. Musk would no longer join the board, that agreement was severed, allowing Mr. Musk to act as any other shareholder. “If the deal doesn’t work, given that I don’t have confidence in management nor do I believe I can drive the necessary change in the public market, I would need to reconsider my position as a shareholder,” Mr. Musk said in the filing. But the price has mostly slumped since then, falling to about $33 a share last month. And those changes won’t happen without taking the company private.” And when he challenged President Vladimir V. Putin of Russia to one-on-one combat last month, he broadcast it on Twitter. It would value the company at about $43 billion. I will unlock it.” “Twitter has extraordinary potential. “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,” Mr. Musk said in the letter to Mr. Taylor sent on April 13. Mr. Musk said this was a “best and final offer,” representing a 54 percent premium over the day before he began investing in the company in late January, according to a Securities and Exchange Commission filing.

Elon Musk has offered to buy the rest of Twitter Inc. in a deal valuing the social-media company at more than $43 billion.

My offer is my best and final offer and if it is not accepted, I would need to reconsider my position as a shareholder. a. There will be more detail in our public filings. Elon Musk has offered to buy Twitter Inc. in a deal valuing the social-media company at more than $43 billion. As I indicated this weekend, I believe that the company should be private to go through the changes that need to be made. change in the public market, I would need to reconsider my position as a shareholder. 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.

Elon Musk offered to buy Twitter for $54.20 per share in a filing made public Thursday, calling it his 'best and final offer.'

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According to an SEC filing, Musk has offered to acquire all the shares in Twitter he does not own for $54.20 per share, valuing the company at $41.4 billion.

The price he suggested for Tesla at that time, $420 a share, was seen highlighting April 20, the unofficial holiday of marijuana enthusiasts. "The premium is at a level that will be hard to see other bids occurring." Musk's Tesla shares are worth about $177 billion, even with the modest decline in premarket trading Thursday. That reduction in total shares increased Musk's stake to 9.6% without him having to purchase a single additional share. Musk did not disclose how he intends to fund his purchase. And on Thursday the company disclosed that there were 37 million fewer shares outstanding than previously indicated. "It's historic and bizarre at the same time." According to an SEC filing, Musk has offered to acquire all the shares in Twitter he does not own for $54.20 per share, valuing the company at $41.4 billion. Musk's commitment to use the company to promote greater free speech doesn't do much, if anything, to increase its profitability. Twitter issued a statement Thursday confirming that it had received the offer. Twitter needs to be transformed as a private company." Stocks were trading up about 6% following the market open, suggesting that investors had doubts the offer will be accepted.

(Bloomberg) -- Billionaire entrepreneur Elon Musk offered to take Twitter Inc. private in a deal valued at $43 billion, lambasting company management and ...

Musk noted that he believes in Twitter's potential to become a free speech platform and serve a key “societal imperative.” The Tesla CEO says he is making the ...

Elon Musk has offered to buy Twitter for $41.39billion. If Twitter's board rejects his offer, he could launch a hostile takeover. Analysts argue the company ...

Elon Musk could pledge his Tesla shares, borrow from banks or team up with private equity to raise the funds. Each option comes with caveats.

Saudi Arabia's Prince Alwaleed bin Talal rejected Elon Musk's bid to acquire Twitter Inc. for $54.20 per share, saying the deal doesn't “come close to the ...

Tesla founder and CEO Elon Musk could continue to face legal questions over his new stake in Twitter. Win McNamee/Getty Images. Elon Musk's back and forth with ...

Twitter stock fell after Elon Musk offered to buy the company for $43 billion cash, saying he wants to take it private for $54.20 a share.

Twitter stock was up les than 1% early Thursday afternoon, suggesting investors may be skeptical of Musk's bid. Analyst Dan Ives of Wedbush Securities wrote in a note to clients that he expects Musk will succeed. "It would be hard for any other bidders ...

Tesla CEO Elon Musk offered to buy Twitter on Thursday, but the stock traded lower, a sign of what investors think of the bid.

Check out the companies making headlines in midday trading. Twitter — Twitter shares fell 1.7% after surging earlier on news that Elon Musk offered $54.20 a ...

As the dogecoin price begins to trade in tandem with Twitter stock, Musk, Vlad Tenev, the chief executive of trading app Robinhood, and FTX chief executive ...

Saudi Arabia's Prince Alwaleed bin Talal rejected Elon Musk's bid to acquire Twitter Inc. for $54.20 per share, saying the deal doesn't “come close to the ...

Shares of Twitter have gotten a nice lift since Elon Musk entered the picture. But KeyBanc analysts said the gains are likely to reverse, downgrading the ...

The company appears intent on trying to fend off the billionaire's bid to buy it in a deal that could be worth more than $40 billion.

Uncertainty around Musk's offer to buy Twitter is a “downside risk,” according to experts.

Vanguard Group said its funds now own a 10.3% stake, according to a recent SEC filing. Musk said on Thursday he's "not sure" if his $43 billion takeover bid for ...

Twitter adopted a limited duration shareholder rights plan, often called a “poison pill,” a day after billionaire Elon Musk offered to buy the company for ...

The defensive move from Twitter is an attempt to fend off Musk's hostile takeover attempt of the social network.

Twitter's board of directors announced the company is adopting a limited duration shareholder rights plan to prevent Elon Musk from buying the social ...

The company appears intent on trying to fend off the billionaire's bid to buy it in a deal that could be worth more than $40 billion.

Twitter moved Friday to block tech baron Elon Musk's proposed takeover of the social media company, adopting a strategy known as a "poison pill" that's ...

Twitter unanimously adopted a plan known as a poison pill to thwart Elon Musk's $43 billion bid to acquire all shares of Twitter stock.