Twitter Share Price: Elon Musk Offering People to Invest in Microblogging Site at Original $54.20 Per Share
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.
San Francisco, December 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. Twitter CEO Elon Musk Defends His Decision After Suspending Accounts of Prominent Journalists.
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. Elon Musk Says Twitter Will Suspend Accounts Engaged in Doxxing for 7 Days.
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.
(The above story first appeared on LatestLY on Dec 17, 2022 10:52 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).