The Reason Elon Musk Wants to Buy Twitter for Rp. 620 Trillion but is Rejected by Arab Princes

NUSADAILY.COM – JAKARTA – Elon Musk has made a suggestion to purchase Twitter. Unmitigated, the SpaceX boss can pay the social media money that’s at present led by Jack Dorsey. Nevertheless, Elon Musk’s supply was rejected by Prince Alwaleed bin Talal of Saudi Arabia as one in all Twitter’s shareholders.

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Beforehand, Musk filed with the US Securities and Change Fee (SEC) to annex all Twitter shares price USD 54.20 or round Rp. 775 thousand (alternate charge of Rp. 14,300) per share.

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Please be aware, the share buy proposal doesn’t embrace the possession of shares in Musk’s pocket on social media with the chook emblem at USD 54.20 per share.

“I invested in Twitter as a result of I imagine in its potential to be a platform at no cost speech worldwide, and I imagine free speech is a democratic perform that society ought to have,” Musk stated in a letter he despatched to Twitter. 14/4/2022).

Musk, who actually likes to play Twitter, desires to vary the platform, in order that it will probably develop sooner or later.

“Nevertheless, since making the funding I now notice that the corporate is not going to develop or serve the wants of society on this type. Twitter must be remodeled as a personal firm,” he stated.

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He additionally conveyed that this 100% share buy supply can be the very best and final supply.

Twitter itself revealed that it had obtained the supply from Elon Musk. The corporate stated it will take into account the supply fastidiously and thoroughly, that is within the curiosity of the corporate and all shareholders.(eky)

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