The Tesla boss wants to pay that much money

Elon Musk wants to completely take over Twitter for the equivalent of around 39.4 billion euros. The richest person in the world would like to put EUR 49.67 per share on the table – and then take Twitter off the stock exchange.

Elon Musk plans Twitter takeover

Tesla boss Elon Musk already owns a 9.2 percent stake in Twitter, but probably doesn’t want to settle for that. As Bloomberg reports, the richest person in the world is now planning a complete takeover. He is said to have made the “best and last” offer and imagines paying EUR 49.67 per share. This would put Twitter’s valuation at 39.4 billion euros. According to Musk, Twitter will be delisted after the takeover.

The announcement is already making itself felt in Twitter’s share price. This is immediately increased by 18 percent. The official entry on the planned takeover by the US Securities and Exchange Commission makes it clear that Musk is serious and doesn’t just want to serve his meme followers.

Musk recently joined Twitter as the largest shareholder. However, the purchase did not go smoothly. Existing shareholders accuse the billionaire of being late in notifying the SEC of his plans. The SEC must be officially informed if company shares of more than 5 percent are newly acquired. One Class action lawsuit alleging possible securities fraud is now in prospect.

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Twitter takeover: Musk offer too low?

With Adam Crisafulli from Vital Knowledge, the first analyst has already commented critically on Musk’s plans (source: Bloomberg). According to him it is The offer of EUR 49.67 per share is simply too lowsince less than a year ago Twitter was trading at almost 65 euros.