In an unprecedented move, Tesla and SpaceX CEO Elon Musk has offered to buy Twitter for $41.4 billion. In a tweet on Friday, Musk said he is prepared to pay $4.1 billion for the microblogging site. The offer is not just any offer, it is a hostile one. Elon Musk, who owns about 4.1% of Twitter, wants to own the company he loves and cares about. He doesn’t want a hostile takeover. Musk has been warning the company to sell its stock or he will take it over. We at The Merkle report that this amounts to $41.4 billion for Musk to buy the world’s most popular microblogging site. If Musk has his way, he will own one of the most successful startups in the world.
Who is Elon Musk?
Elon Musk is the co-founder and current CEO of Tesla and SpaceX. Before being selected as CEO of Tesla, Musk worked for PayPal and later for Consim.com, where he was the chief financial officer. Before Consim, Musk was the vice president of operations at PayPal and the general manager of both the financial and product management functions at the company.
Elon Musk is also a co-founder of Thezel, a new online media organization aiming to provide a platform for the global conversation.
History of the Twitter sale
The Twitter sale has been a long time coming. In 2013, the microblogging site acquired Gab.ai for $19 million. Then in April of this year, Twitter offered to buy out Gab.ai’s owners, who turned down the offer after less than 24 hours, for $300,000. The Gab.ai website was taken down less than two hours after the offer was made public.
What can Elon Musk get from Twitter?
We all know Elon Musk as the co-founder and current CEO of Tesla and SpaceX. However, he is a successful venture capitalist by now. Before he became the CEO of Tesla, Musk worked for PayPal and then started a venture capital firm with investments in companies like Tesla and SpaceX. Over the years, Musk has acquired an interest in startups that are either still struggling or have already been successfully acquired by larger companies.
At the same time, Elon Musk has invested in companies that have been on the right track. He has invested in companies like Mashable, which started as a blog and has evolved into a full-blown media organization. Elon Musk also invested in companies like Healthline, which is an online resource for information on health treatments and diseases.
Elon Musk has never hidden his interest in Twitter
Although it is true that Musk has made no secret of his interest in picking up Twitter, he has never hidden his desire to buy the microblogging site. In fact, he has been saying for years that he would like to buy Twitter. And it’s not like he has been holding back. In a blog post for Inc. Magazine, Elon Musk said that he would like to have a controlling stake in Twitter, but that he will remain as the chief product officer and president of Tesla until the acquisition is completed.
Elon Musk has also been making frequent public appearances to promote Tesla and talk about his interest in buying Twitter. When Musk last took the stage at the beginning of May, he discussed his interest in buying Twitter and said that he had been “funding their growth for the last few years.”
Elon Musk’s Offer
So far, the most notable thing about Musk’s offer is that he is making it as an all-cash deal. That means no stock exchange offering will be made and no shares will be given away in any way. The offer also includes special terms that make it hard for other potential acquirers, like China’s Tencent, to get a bite of Twitter. Dr. Evan Westler, who is a partner at the investment firm Westly Capital, told The Merger Market that the $40 per share offer price Elon Musk has put forward is too low. Westler said he asked Musk’s representatives if they were interested in paying that price, but they didn’t respond. Westler said he also asked team members at Musk’s companies if they were interested in buying Twitter, but again, they didn’t respond.
Is Elon Musk a Good Buy for Twitter?
We first need to understand why Elon Musk would want to buy Twitter in the first place. Musk, of course, wants to buy Tesla, which is a tech company. But he also has an interest in the media that is served by Twitter. And it is possible that Musk could buy Twitter and use it as a springboard to try to get his own media organization off the ground. Elon Musk has been promoting his new media company, Thezel, for months. That said, buying Twitter really isn’t the same thing as buying and using Thezel as your own personal blog.
Is Buying Twitter Worth $41.4 Billion?
At this point, we don’t know much about Thezel other than that it will be a company. What we do know is that one of the most successful tech billionaires in the world wants to buy Twitter and use it for his own benefit. We also know that Elon Musk has billions of dollars to spend. We also know that Musk would like to buy Twitter and use it for his own benefit. Now, all we need is for Musk to buy Twitter and use it for the right purpose.
What happens next?
Elon Musk has said he will make an offer to acquire the company, but he has not given the deadline for when he would make the offer or how he would acquire the company. The offer has been submitted to the board of directors of Twitter and is awaiting their approval. If the board approves the deal, then Musk would acquire the shares of Twitter without having to go through a bidding process.
With all this in mind, the idea of Elon Elon Musk taking over Twitter seems like a longshot. Sure, he has the money to buy the company and the timing seems right. But is he the right person to take the company public? There are a lot of questions about whether or not he is the right person to run a public company. But if we strip away the questions and look at the offer as a business deal, Musk’s offer looks very good.
Why buy one of the most successful startups in the world when you can buy it for $41 billion? What is the chance of success with Musk leading the company? Musk’s two companies, Tesla and SpaceX, are at the vanguard of a new kind of high-tech innovation, and together, they have a chance to be the most valuable company in the world. With all this in mind, the idea of Elon Musk taking over Twitter seems like a longshot. Sure, he has the money to buy the company and the timing seems right. But is he the right person to take the company public? There are a lot of questions about whether or not he is the right person to run a public company. But if we strip away the questions and look at the offer as a business deal, Musk’s offer looks very good. Why buy one of the most successful startups in the world when you can buy it for $41 billion?