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Elon Musk Wants to Buy Twitter: Everything You Need To Know

Elon Musk

All eyes are on Twitter (NYSE: TWTR) shares this morning after Tesla (NASDAQ: TSLA) CEO Elon Musk proposed taking the business private at $54.20 per share, valuing it at $43.4 billion. Musk already owns 9.2 percent of TWTR stock, therefore the suggestion is to purchase the remaining shares. The proposal price is also an 18% premium over yesterday’s close.

TWTR stock is currently up more than 2% as a result of the news. Here’s what investors should be aware of going forward.

What Does Elon Musk’s Bid Mean for TWTR Stock?

Elon Musk has put Twitter shareholders in a difficult position. The Tesla CEO stated the following in an amended 13D filing:

Since making my investment, I’ve realized that the company, in its current shape, will neither survive nor satisfy this societal necessity.” Twitter must be restructured as a private firm.”

If Twitter accepts the executive’s offer, the firm will be delisted from the New York Stock Exchange and will no longer be tradable by the general public. Furthermore, if the plan is rejected by the board, TWTR stock may drop. Musk stated that if the bid is not accepted, he will “rethink [his] position as a shareholder.” The bid also serves as his “best and final offer.” Twitter’s board of directors will meet this morning to debate the proposal.

Even if Musk’s offer is rejected by the board, the message is clear: Twitter needs to change. The social media network has recently had a history of mediocre feature rollouts, such as Twitter Fleets and Twitter Blue. Furthermore, user requests for an edit button have been ongoing for years, with the corporation failing to deliver an update. However, there may be a silver lining. Twitter’s official account tweeted on April 1 that the business is “working on an edit button.”

Twitter is currently trading at around $47, or around 12% less than the asking price. This could imply that TWTR stockholders are aware of the possibility of the proposal being rejected.

As of the present, it is unclear how Musk intends to fund his idea if it is accepted. Among other things, the CEO might sell TSLA stock or borrow against his Tesla position. According to CNN Business, Musk presently owns almost $177 billion in TSLA.

How Do Analysts Feel About the Elon Musk Twitter Offer?

According to Wedbush analyst Dan Ives, this proposal price is appealing and may put the “Twitter board’s backs against the wall.” Musk, on the other hand, must make various changes in order to earn a reasonable return on his investment. Among these are boosting subscription revenue and lowering costs.

Meanwhile, Vital Knowledge President Adam Crisafulli believes the offer is too low, citing Twitter’s recent trading in the $70 region. Gene Munster of Loup Funds also joined in. “Put it all together; Musk taking over Twitter is more likely than not,” Munster tweeted.

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