According to a report submitted to the US stock exchange regulator on Thursday, Musk is offering $ 54.4 per share (CZK 1,214).
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That is 38 percent more than Twitter shares traded shortly before Tesla’s chief announced the purchase of a 9.2 percent stake in social media, according to Reuters. Musk thus became the company’s largest shareholder.
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According to Bloomberg, Twitter shares jumped 18 percent in the pre-trade phase after announcing the offer, while Tesla shares fell by 1.5 percent.
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According to Reuters, Musk announced in a letter to Twitter Chairman Breta Taylor that his offer was “the best and final” and otherwise he would have to reconsider his shareholder position.
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“Since making my investment, I realize that in its current form, (Twitter) will not prosper or serve its social purpose. Twitter needs to turn into a privately owned company, ”Musk wrote to chairman.
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Earlier this week, Musk announced the withdrawal of its plan to sit on the board of Twitter. A possible membership in the board of directors would prevent him from taking over the company.
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According to the previous agreement, Musk was to hold the position of director until 2024 and during his membership in the board of directors and also 90 days after the termination of his membership, he was not allowed to own more than 14.9 percent of Twitter shares in the group.
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