Elon Musk challenged Putin to single combat over Ukraine
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© Pixabay Redemption of Twitter: ELON MUSK has "sufficient funds" and even a Plan B
after proposing to redeem The social network for $ 54.20 per share, the billionaire explained its motivations at a conference.
ELON MUSK is "Not sure" to succeed in redeeming Twitter but it indicated Thursday, April 14 that it had a plan B and "sufficient funds" to achieve it, and that its motivations were not . "I think it's going to be pretty painful and I'm not sure you get to buy it," Admitted Tesla's boss and the main shareholder of Twitter, who wants to take the Californian business and remove it from Wall Street.
Interviewed at the TED2022 Conference, broadcast live from Vancouver (Canada), he assured that he did not try to "make money". "I just have a strong intuition that having a public platform, largely inclusive, in which one can trust, is extremely important for the future of civilization," he added during this first speech since The announcement that shakes the world of tech.
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Video: ELON MUSK offers to redeem "100% Twitter" (Le Figaro)
The richest man in the world uses Twitter everyday to address his 80 million subscribers but he also criticizes the network, who does not sufficiently respect the freedom of expression according to him . He proposed to buy the platform for $ 54.20 per share, in cash, stating that it was "his best offer and his final offer", in a letter sent Wednesday to the American Stocking Gendar, the SEC.
A Plan B In case of refusal
This price would value twitter at $ 43.4 billion, compared with about 36 billion at the moment. "You do not want to pay $ 40 billion and some in cash?", Asked Chris Anderson, the director of the conference in Elon Musk. "Technically, I can afford it," answered the entrepreneur of South African origin. In a hurry on the issue of funding, he repeated to the "sufficient funds" and a Plan B if the Twitter Board of Directors refuses its offer, without giving more details.
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But he explained that he hoped first of all to rally to his project as many existing shareholders. One of them has already reacted: the Saudi Prince Al-Walid Ben Talal said on Twitter that he "rejected" his offer. "I do not think Eon Musk's proposal ($ 54.20) approaches a little bit of the intrinsic value of Twitter, given his growth prospects. I am one of the most important shareholders and The oldest of Twitter, and Kingdom Holding Company (his investment fund, NDLR) and I reject this offer, "he wrote on Thursday.
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A look back at what the billionaire has said about Trump and his policies as Musk attempts a takeover of Twitter.Musk, who recently became Twitter's biggest shareholders but turned down an offer to join the social media company's board, revealed the offer amounting to $54.20 per share in a regulatory filing on Wednesday.