OREANDA-NEWS. American entrepreneur, founder of SpaceX and Tesla, Elon Musk, announced his readiness to buy out 100% of the shares of the social network Twitter, The Verge reports, citing a letter from a businessman. At the same time, the billionaire's offer was distinguished by a huge markup - he plans to pay $ 54.2 per share. After his announcement, the value of the company's securities jumped by almost 12% at pre-bidding.

Twitter supporters received a letter on April 13, in which Musk argues that the company must go private in order to go through the necessary transformation. According to the businessman, if his proposal is rejected, he will have to reconsider his position as a shareholder.

At the end of March 2022, he seriously thought about creating a new social network with minimal propaganda and open source

On April 9, Musk bought a 9.2% stake in Twitter, after which the value of securities jumped by 25%. In turn, the billionaire said that he could not wait to start working in the company in order to quickly improve the platform.

After that, the businessman invited Twitter users to vote in a poll about adding a new widget - the "Edit" button. According to the results of the survey, the majority of users approved the proposal of the American entrepreneur.

Earlier, on the website of the US Securities Commission, a message appeared that Musk would join the board of directors of the social network Twitter for a period until 2024.