Elon Musk is offering the generous opportunity to invest in Twitter at $54.20
Aiming to get more investors, Elon Musk is offering people to buy Twitter shares at the original $54.20 per share price, at which he acquired the company for $44 billion.
According to news portal Semafor, Musk’s money manager Jared Birchall has reached out to potential investors, “offering shares of Twitter at the same price, $54.20, that Musk paid to take the company private in October”.
Musk has also been offloading Tesla shares, planning to buy or personally pay Twitter’s debt in front of the whole world.
The move comes at a time when Musk has frightened away advertisers and banned several journalists.
“Over recent weeks we’ve received numerous inbound requests to invest in Twitter,” Birchall wrote to investors in an email seen by Semafor.
“Accordingly, we are pleased to announce a follow-on equity offering for common shares at the original price and terms, targeting a year-end close,” the email read.
According to the report, Tesla investor Ross Gerber, who said he put less than $1 million in Musk’s original takeover of Twitter, confirmed that he was contacted again about another funding round at the $44 billion valuation.
Musk suspended accounts of more than half a dozen journalists from outlets including CNN, the New York Times, and the Washington Post, following their reporting on an account related to him.
He had earlier said that any account doxing real-time location info of anyone will be suspended, as it is a physical safety violation.
[With Inputs from IANS]
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