Elon Musk validated earlier this week that he plans to buy Twitter. And he might usage continues from a stock sale including one of his other business to do it.
The billionaire sold 9.6 million shares of Tesla this week, valued at $8.5 billion, which would most mostlikely go towards his $44 billion offer to buy Twitter.
Twitter likewise revealed Monday that Elon Musk was going to buy the social media business. Once the offer closes, which is anticipated this year, Twitter will endupbeing a independently held business.
What takesplace next? Here’s the mostcurrent on Musk’s strategy to buy Twitter.
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How lotsof Tesla shares did Musk sell?
During a three-day duration after the offer to acquire Twitter was revealed, Musk offered 9.6 million shares valued at $8.5 billion, according to filings Friday with the Securities and Exchange Commission.
The trades were made at rates varying from $822.68 to $999.13.
In a tweet Thursday night, Musk stated there are “No additional TSLA sales prepared after today.”
No additional TSLA sales prepared after today
— Elon Musk (@elonmusk) April 29, 2022
What modifications may Musk make?
Musk stated he might cut executive and board pay to cut expenses and discover chances to generateincomefrom tweets, according to a Reuters report.
Other modifications to the service may consistof relieving material smallamounts, which Musk hasactually slammed, cutting back on advertisements, and presenting an edit button.
What does the offer mean for Twitter investors?
If the offer goes through, Twitter investors will get $54.20 a share in money. As of midday Friday trading, Twitter shares are above $49.
One of the huge advantages for taking Twitter personal is Musk can make modifications more rapidly without fretting about pleasing investors.
Could Twitter shift to memberships?
Experts think a membership design