New Delhi. Last month, Tesla car maker CEO Elon Musk bought a 9.2 percent stake in micro-blogging site Twitter for $3 billion. Since then he has become the largest shareholder of the company. After buying a stake in Twitter, there was speculation that Elon Musk might soon buy the entire Twitter. Many times efforts were also made from the side of the mask regarding this. After all, Twitter now belongs to Musk. Yes, on Monday, Musk has made a deal for the social media platform for $ 44 billion (about Rs 3368 billion).
At the beginning of April, the purchase was 9.2 percent passive stake
In early April last month, Musk bought a 9.2 percent passive stake in the company (Twitter). After the purchase of these stakes, the company decided to put him on the board, but Musk refused to join that board. Musk believed that Twitter had the potential to become a free speech platform and that he could not do anything with just 9.2% stake. In such a situation, he made an offer of $ 44 billion to buy the company at the rate of 54.20 per share.
The company formed 16 years ago, how it sold in a few days
Musk wanted to make it completely his own after buying a 9.2% stake in the company. The talks between the board and Elon Musk, which have been going on for several days, were sealed on Monday. Elon Musk took over Twitter after the deal was finalised. In this way, the company started 16 years ago will once again become private. Earlier in the year 2013, the company went public and now it is going to go back to private. Let us inform here that after the deal, the share of Twitter has also seen an increase of 5.7%.
Parag Agarwal will exit, Dorsey will return?
The news of CEO Parag Agarwal’s exit from the company has intensified ever since Elon Musk bought Twitter. Actually, before buying Twitter, Elon Musk had clearly said that he does not trust the company’s board. In such a situation, where discussions about Parag Agarwal’s exit from the company have intensified. So at the same time, people are also reacting to the return of Twitter Founder Jack Dorsey on social media. A good bond between Twitter Founder Jack Dorsey and Arabati Elon Musk is also seen from time to time. Both do not support each other openly, but they do give support. Recently, when Elon Musk tweeted that he did not trust Twitter’s board, Jack Dorsey also supported Elon Musk through a tweet. Not only this, even when Elon Musk talked about making Twitter open source, Jack Dorsey also agreed with his opinion.