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

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.

Apart from this, if you are interested; you can also read EntertainmentNumerologyTech, and Health-related articles here: 

7starhdMovieswoodHow to Remove Bookmarks on MacOuter Banks Season 4How to block a website on ChromeHow to watch NFL games for freeDesireMovies, How to watch NFL games without cableHow to unlock iPhoneHow to cancel ESPN+How to turn on Bluetooth on Windows 10Outer Banks Season 36streams4AnimeMoviesflix123MKVMasterAnimeBuffstreamsGoMoviesVIPLeagueHow to Play Music in DiscordVampires Diaries Season 9Homeland Season 9Brent Rivera Net WorthPDFDriveSmallPDFSquid Game Season 2Knightfall Season 3CrackstreamKung Fu Panda 41616 Angel Number333 Angel Number666 Angel Number777 Angel Number444 angel numberBruno Mars net worthKissAnimeJim Carrey net worthBollyshareAfdahPrabhas Wife NameProject Free TVKissasianMangagoKickassanimeMoviezwapJio RockersDramacoolM4uHDHip DipsM4ufreeFiverr English Test AnswersNBAstreamsXYZHighest Paid CEOThe 100 season 8, and F95Zone

Thanks for your time. Keep reading!

Subscribe to Our Latest Newsletter

To Read Our Exclusive Content, Sign up Now.
$5/Monthly, $50/Yearly



Google AI Challenges ChatGPT and Bing with New Everyday Features

A growing number of individuals are already leveraging the...

British Business Bank Posts £147m Annual Loss as Tech Valuations Drop

The British Business Bank (BBB), which is government-owned, has...

Utah Time Zone Latest Updates in 2023 [Detail Guide]

Are you planning a trip to Utah or scheduling...

Top Automobile Companies in World By Sales [Top 20 List in 2023]

Are you looking for the Best Car Production Company...

844 Area Code: North American Toll Free for Businesses [Detail Guide]

Do you keep encountering an 844 area code on...