Twitter reacts to Elon Musk's bid to take over company - Punch Newspapers

  • 📰 MobilePunch
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Twitter has said its board will evaluate an 'unsolicited, non-binding' offer from Tesla chief Elon Musk to acquire the social media company.

Twitter has said its board will evaluate an “unsolicited, non-binding” offer from Tesla chief Elon Musk to acquire the social media company.“The Twitter Board of Directors will 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,” Twitter said.Elon Musk launches hostile takeover bid for Twitter

Tesla chief Elon Musk had launched a hostile takeover bid for Twitter, insisting it was a “best and final offer” and that he was the only person capable of unlocking the full potential of the platform. Musk offered $54.20 a share, which values the social media firm at $43.4 billion, in a filing dated Wednesday April 13 with the Securities and Exchange Commission.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

So greedy after so much wealth you still want to acquire Twitter every rich man is the same the poor be careful of their speeches

South Africa South Africa Latest News, South Africa South Africa Headlines