Home Technology Now Elon Musk says he doubts if he can buy Twitter: “I have plan B”

Now Elon Musk says he doubts if he can buy Twitter: “I have plan B”

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Now Elon Musk says he doubts if he can buy Twitter: “I have plan B”

Today Elon Musk says he doubts if he can buy Twitter:

Musk, leaving the hearing before the SEC. Photo by Reuters

Billionaire businessman Elon Musk today expressed his doubts whether the US $ 43,000 million offer he put forward to buy the Twitter microblogging network would be successful and announced that he has a “plan B” in case it is finally rejected. .

“I’m not sure if I’ll get it,” Musk said today at a TED event in Vancouver, Canada, in his first public comment on the millionaire proposal being made.

After that the businessman said he had one “plan B” if Twitter rejects its offer, without providing further details, according to Bloomberg news agency.

Twitter said it would review the purchase proposal.

The comments came hours after Musk – widely considered one of the world’s richest people and CEO of Tesla Inc – shake up the world of finance including the purchase offer from Twitter.

With growing interest in Musk’s activities, conference organizers made a last -minute change to make his pre -arranged appearance at the TED event freely available online.

The offer is intended to create “an inclusive arena for freedom of expression,” not as a way to make money, Musk said in making the offer.

Musk, 50, revealed the acquisition proposal in a filing with the U.S. Securities and Exchange Commission early Thursday, after being denied the opportunity to fill a position in the Twitter directory.

The offer is a high-profile showdown between Musk and the social media platform, used by more than 200 million people.

In the past and on several occasions, Musk has mentioned those changes wants to implement on Twitter.

Elon Musk did not report buying the shares and he may have a problem.  Photo by AP

Elon Musk did not report buying the shares and he may have a problem. Photo by AP

Twitter shares are trading below Musk’s offer price $ 54.20, suggests skepticism about prospects for a deal.

Saudi Prince Alwaleed bin Talal, one of Twitter’s major shareholders, said Musk’s offer was nowhere near the company’s “intrinsic value” “given its growth prospects.”

Musk said his intention was to “retain as many shareholders as the law allows in a private company.”

In the early days of March, Elon Musk bought 9.2% of the shares of the social network Twitter, as announced by the platform in a statement sent to the United States Securities and Exchange Commission (SEC, for its acronym in English) .

The tycoon, according to the statement, bought a total of 73.5 million Twitter shares out of a total of 800.6 million titles that make up the company’s share capital, representing a 9.2% stake.

The purchase of Musk, made by the trust “Elon Musk Revocable Trust?” equivalent to a total of US $ 2,888 million (according to the closing stock market value on Friday), placed the entrepreneur as the primary shareholder of the communication platform.

Musk, with a net worth of $ 287 billion, is one of the richest people in the world, according to Forbes Magazine rankings.

Twitter is buying into its views

Twitter offices in San Francisco.  Photo by Reuters

Twitter offices in San Francisco. Photo by Reuters

Twitter said on Thursday that it would “carefully review” Tesla Chairman Elon Musk’s offer to buy the entire company and remove it from Wall Street.

The social network said in a statement that it had received an “unsolicited and non -binding offer from Elon Musk” and that its board of directors would “carefully review it to determine the course of action it believes will best serve the company interests. “ and all shareholders on Twitter.

According to the offer, published by both CNBC and Bloomberg, Musk, considered the richest man in the world, offered $ 54.20 per share in cash, which represents a premium of 54% over the closing price last Jan. 28, the day before you start investing in Twitter.

Also, it assumes a premium of 38% with respect to the price of the shares one day before its investment in the social network is announced to the public.

With the initial opening of the Wall Street market, social network actions rose this Thursday by more than 12%.

“My offer is my best and last offer and if it is not accepted, I will have to reconsider my position as a shareholder,” he warned.

In the aforementioned letter, Musk assured that Twitter needs to be a “private company” because in his opinion, it cannot “thrive or serve” freedom of expression in its current state.

Musk said he believes in the company’s potential to be a platform for free speech around the world. “I believe that freedom of expression is a social imperative for the functioning of democracy,” he concludes.

Twitter said Thursday it would “check carefully” the offer of Tesla president Elon Musk to buy the entire company and remove it from Wall Street.

The social network indicated in a statement that it had received an “unsolicited and non -binding offer from Elon Musk” and its administrative council would “carefully review it to determine the course of action it believes will best serve its interests. ng the company and all shareholders on Twitter.

Source: Clarin

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