Musk has made a big move! Officially submits plan to SEC to acquire Twitter

According to Bloomberg, “Elon Musk” offered to take Twitter private for $4.3 million.

"Musk" made the "best" and "final" bid to buy Twitter Inc., saying the company had extraordinary potential and he was the one to unlock it.

The world's richest man will make a cash offer of $54.20 a share, a 54% premium to its Jan. 28 closing price, worth about $43 billion.

Shares of Twitter surged 18% in premarket trading.

In the report submitted by "Musk" to the "SEC (US Securities and Exchange Commission)", it is mentioned:

"I invested in Twitter because I believe it has the potential to be a global platform for free speech, and I believe that free speech is a social responsibility for a functioning democracy.

However, since making the investment, I now realize that the company will neither thrive nor serve this societal need in its current form. Twitter needs to transform into a private company.

So I offered to buy 100% of Twitter for $54.20 per share in cash, a 54% premium to the day before I started investing in Twitter and a 38% premium to the day before I publicly announced the investment. My offer is my best and final offer, and if it is not accepted, I need to reconsider my position as a shareholder.

Twitter has extraordinary potential. I will unlock. "

In addition, “Musk” broke out the dissatisfaction of Twitter’s board of directors, and collectively accused him of telling him too late about the shares he held, which affected the stock price.

In his letter to Twitter's board, Musk said:

"He believes Twitter will neither thrive nor meet the social needs [of its free speech] in its current form. Twitter needs to transform into a private company."

Then "Musk" also mentioned: "The acquisition is unlikely to be a long process. If the transaction does not go through, I will need to reconsider given that I have no confidence in management or that I can drive the necessary changes in the public markets. My position as a shareholder,"

Bloomberg: Elon Musk Makes $43 Billion Unsolicited Bid to Take Twitter Private

"Elon Musk's Plan to the SEC"

Judging from the comprehensive information, it seems that "Musk" seems to be angry! How to say? "Director Light" I personally think that "Musk"'s abacus at the beginning should be to slowly nibble away "moisturizing things silently" and complete the acquisition of full control. Then he should have discovered that the shareholders of Twitter's board of directors may not be so good at shaving their heads, which is why the "I jump in and out" scene occurs. Or he was already prepared with both hands. Basically I'm bullish, supporting "Musk" to make Twitter better and friendlier.

Regarding this "Musk VS Twitter" drama, the director has also written several articles. I urge you to like it a lot. What do you think of this eight o'clock drama? Welcome to leave a message to discuss with me.

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