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Elon Musk Prepares IDR 618 Trillion to Buy All Twitter Shares

Tesla CEO Elon Musk has officially made an offer to take all shares on Twitter. Unmitigated, he has prepared funds of US $ 41 billion or around Rp. 618 trillion to bring the platform.

Elon Musk never stops creating sensations. Previously, the 50-year-old man was offered to become Twitter’s directors, but surprisingly he turned down the offer.

Not long after, he even made a formal offer to buy all of Twitter’s shares, whose value was in the hundreds of trillions. Hmm, do you think the offer will be accepted or not?

Elon Musk Wants to Buy All Twitter Shares, Worth IDR 618 Trillion

Via account Twitter Officially, Elon Musk announced that he had officially made his best offer to control all the shares on the platform made by Jack Dorsey.

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It is known, Musk has prepared cash amounting to US $ 41 billion to smooth the plan. If rejected, he admits that he will not make any more offers, as this offer is ‘best and last’.

“My offer is the best and last offer. If not accepted, I need to reconsider my position as a shareholder,” Musk said.

“I don’t trust management and I don’t think I can manage the changes needed in the context of a stock market listing. Twitter should be turned into a private company,” he added.

Currently, Musk is still Twitter’s largest shareholder with 9.2 percent. Perhaps because he was not satisfied, he finally decided to buy all the existing shares.

Furthermore, he also explained the main reason why he wanted to acquire Twitter. According to Musk, Twitter has great potential and wants to make the platform a free place for speech.

“I invested in Twitter because I believe in its potential to be a platform for free speech worldwide, and I believe free speech is a democratic function that society should have,” Musk wrote in a letter sent to Twitter.

Elon Musk Twitter Stocks
Photo: TheStreet

“However, since making the investment I now realize that the company will not grow or serve the needs of society in this form. Twitter needs to change as a private company,” he continued.

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Unfortunately, his intentions are likely to get stymied from Twitter investors from Saudi Arabia who reject Musk’s plan to buy all of Twitter’s shares.