City
Epaper

Musk offering people to invest in Twitter at original $54.20 per share

By IANS | Updated: December 17, 2022 09:50 IST

San Francisco, Dec 17 Elon Musk is aiming to get more investors for Twitter at the original $54.20 ...

Open in App

San Francisco, Dec 17 Elon Musk is aiming to get more investors for Twitter 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".

"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.

The move comes at a time when Musk has frightened away advertisers and banned several journalists.

The new Twitter boss 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 suspended the accounts of journalists like Donie O'Sullivan from CNN and Drew Harwell from The Washington Post as they covered the "exact real-time location" of Musk.

He had earlier said that any account doxxing real-time location info of anyone will be suspended, as it is a physical safety violation.

Musk has also been offloading Tesla shares, planning to buy or personally pay Twitter's debt.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: Jared BirchallRoss gerberTwitterElon muskTwitter twitterTwitter sevaTwitter cmoTwitter inc.Twitter incTwitter ceo
Open in App

Related Stories

TechnologyFrom H-1B Visas to AI: Key Highlights from Elon Musk and Nikhil Kamath Podcast

InternationalTrump’s Dinner: From Cristiano Ronaldo to Elon Musk; Here's Who Joined Saudi Crown Prince at White House

NationalX Down: Global Outage Leaves Users Unable to Access App and Website

MaharashtraMaharashtra Becomes First State to Tie Up With Elon Musk’s Starlink for Internet Services

MaharashtraMaharashtra Dy CM Eknath Shinde’s X Account Hacked Amid India-Pakistan Asia Cup, Pakistani and Turkish Flags Posted

Technology Realted Stories

TechnologyIndia ready to adopt techno-legal approach to AI governance: PSA

TechnologyModern technologies are playing crucial role in generating employment: Jitin Prasada

TechnologyIndia at forefront of digital health, innovative technologies: Anupriya Patel

TechnologyNCDC, WHO meet to strengthen influenza preparedness

Technology66 pc employees ready to take pay cut for better workplace: Report