The billionaire, Elon Musk, the owner of the car giant Tesla and SpaceX, submitted an offer yesterday (Wednesday) to buy Twitter at a price of $ 54.20 per share.
That is, at $ 43 billion.
He withdrew his willingness to become a board member after purchasing 9.2 percent of the company's shares.
Musk sent a letter of intent for a total acquisition of the company which was founded by Jack Dorsey in 2006 and includes over 200 million users with headquarters in San Francisco.
So far, the company's stock has risen 13 percent since it was announced.
In addition to the letter, Musk sent a threat if he did not respond in the affirmative: "If the offer is not accepted, I will have to reconsider my position as a shareholder. Twitter has extraordinary potential and I intend to release it."
Elon Musk and Tesla on Wall Street
Earlier this month it was reported that Musk had offered to buy close to 10 percent of Twitter, which provoked clashes within the company with some employees who stated that they would resign if the tycoon joined the social network, however the move received the support of the board and new CEO Poppy Agravel Musk refused to join when he previously used the social network to suggest possible changes to Twitter's operations.
Musk describes himself as an "absolute supporter of the right to express himself" and in the past harshly criticized the social network, which among other things blocked the account of former US President Donald Trump. The company has recently come under heavy criticism American and opinions that were not considered "mainstream" during the Corona plague.
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