Elon Musk has launched a takeover bid for Twitter, offering to buy it for $54.20 a share, just weeks after he became the social media company’s largest shareholder.
Mr. Musk said this was a “best and final offer,” representing a 54 percent premium over the day before he began investing in the company in late January, according to a Securities and Exchange Commission filing. It would value the company at about $43 billion.
It appears the market does not believe his offer is real. The stock is up to just under $47 a share at the moment. Personally, I don’t believe the offer either. Never trust Musk until it actually happens.
OK, because Musk needs something else to do.
People with ADHD always do. Maybe he’ll make a go of it, but I suspect this will be the one that trips him up. Running a public media company is very different than running an industrial outfit, and I think he has some edumacatin’ to do.