Michael Perry on April 14, 2022
Elon Musk recently made an offer of $41.4 billion to buy Twitter outright. Musk previously purchased a 9% stake in the social media company. Elon was nearly named to the board of directors, but that part of the deal fell apart.
Musk announced his offer via a tweet earlier this morning. The Tesla boss is facing heavy scrutiny for his activity on Twitter. Ongoing investigations into his use of the platform to manipulate stock prices and a lawsuit from Twitter shareholders have complicated matters.
Elon Musk still found a way to make a weed joke, according to the New York Post. The price he offered per share of the company was $54.20. “420” is a widely known reference to cannabis culture. Musk spelled out his offer in a letter to Bret Taylor, chairman of Twitter’s board.
“I am offering to buy 100% of Twitter for $54.20 per share in cash, a 54% premium over the day before I began investing in Twitter and a 38% premium over the day before my investment was publicly announced.”
The billionaire recently made a joke about marijuana in one of his posts. Musk shared a meme of him smoking on the Joe Rogan Experience from 2018 with a pot-related caption. It read, “Twitter’s next board meeting is gonna be lit.”
The offer to buy Twitter appears to be legitimate. A filing was made with the Securities Exchange Commission earlier today. Even when he’s doing billion dollar business deals, Elon Musk still finds a way to insert his unique sense of humor.
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April 14, 2022 12:20 pm
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