Twitter said on Thursday that it had received Elon Musk’s “unsolicited, nonbinding proposal” to buy the company and take it private.
In a statement, Twitter said that its board would review Mr. Musk’s Securities and Exchange Commission filing and “determine the course of action that it believes is in the best interest of the company and all Twitter stockholders.”
The possibility that Mr. Musk might move to buy the company outright arose this week, when Twitter announced that he would no longer join the board, severing an agreement for the seat that included stipulations that Mr. Musk would not buy more than 14.9 percent of Twitter’s stock or take over the company.
Mr. Musk currently owns 9.2 percent of Twitter, making him its largest shareholder.
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April 14, 2022 at 07:05PM
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Twitter says it will review Musk’s bid for the company. - The New York Times
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