The world's richest person and Tesla CEO Elon Musk on Monday bought Twitter for $ 44 billion (Rs 3.30 lakh crore). The entire deal was done in cash. With this deal, the management of the Internet media platform, which came into existence 16 years ago, will go into the hands of Musk. The White House did not comment on the deal but said President Joe Biden is concerned about the power of the Internet media. At the same time, former President Donald Trump has said that now even if Twitter restores his account, he will not return to this platform.
It is said that a board meeting was also held in this regard on Sunday morning, in which 11 members supported the proposal. Musk presented his financial proposal to Twitter shareholders. Earlier, Elon Musk had said in a tweet, 'I hope my worst critics stay on Twitter because that's what free speech means.' Let us tell you that Musk had put a price of $ 4,300 million (Rs 3.22 lakh crore at the current price) for $ 54.20 per share and offered to pay in cash. He had said that for the kind of effective changes that are needed in Twitter, it must first go into private hands. Musk was in talks to buy Twitter in his capacity and Tesla was not involved in the deal. Twitter shares were up 4.5 percent at $51.15 in pre-market trading on the New York Stock Exchange on Monday. The New York Stock Exchange temporarily halted the trading of Twitter shares before the deal was announced. Twitter's share price increased by six percent when trading started again.
Let us tell you that when Musk offered to buy Twitter, the big question was raised whether he had the funds for it. This was followed by reports that several private equity firms expressed their willingness to partner with him. In this context, he said in the US stock market information last week that Morgan Stanley and other banks have agreed to give him a loan of $ 13 billion. In addition, he will take a loan of $12.5 billion against his stock in Tesla. While it will buy the remaining stake in Twitter through a cash payment of $ 21 billion. Morgan Stanley has also invested in Musk's electric car company Tesla.
Musk already had a 9.2 percent stake in Twitter
Elon Musk already had a 9.2 percent stake in Twitter. He was also the largest shareholder of the company. However, a few days ago, asset management firm Vanguard Group surprised everyone by making public the information that it holds a 10.3 percent stake in Twitter. However, this claim could not be confirmed so far. The special thing is that when Musk had proposed to take over Twitter a few days ago, the company's shareholder and Saudi Prince Alwaleed bin Talal rejected it, saying that the proposed offer was not a fair valuation of the company.
Authorities in China's eastern province of Zhejiang have ordered ships to return to port. It has
US Navy Chief made such a statement about India, China will be furious with anger
United States Chief of Naval Operations Admiral Mike Gilday has said that India will be an import
Rains are continuing in many states of the country. The Meteorological Department has issued an a
Smartphone prices in the country may increase by 5-7 percent by October-December. The continuous
Arvind Kejriwal has written a letter to the Chief Election Commissioner regarding the attack on A
The question of marriage came up during Rahul Gandhi's Bharat Jodo Yatra. The answer was very int
The World Trade Organization (WTO) meeting was held in Geneva. At this conference, America and Eu
President Draupadi Murmu has approved the new flag of the Indian Navy and the new design of the I
Actress Shahnaz Gill is an internet sensation. Shehnaaz, who became popular after Salman Khan's r
The ruling JDU in Bihar has issued a notice to its party leader and former MP RCP Singh. In this,
