Elon Musk Offers (Blackmail) To Buy Twitter For $41 Billion

Billionaire Elon Musk has offered to buy Twitter for $41 billion. The move comes just a week after Musk bought more than a 9% stake in the company. With that said, it's more of a godfather-style offering.

While it is an offer Twitter can’t refuse, I’m referring to another part of the movie here. Elon Musk sent a letter to Twitter Chairman Bret Taylor. His letter states that “My offer is my best and final offer and if it is not accepted, I would need to reconsider my position as a shareholder.”

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Musk to Twitter: An offer you can’t refuse

In The Godfather, Don Corleone once had his men put a gun to the head of a bandleader, asking a bandleader to sign a contract. Don Corleone told the bandleader that his signature or brains would be on the contract.

Elon Musk is trying to buy Twitter the same way. After he bought his 9% stake, Twitter shares jumped 12%. And now, Musk has offered $58 per share to buy Twitter. This offer is at a premium of 38% over Twitter values on April 1.

Musk was offered a seat on Twitter's board but turned it down because it would limit him from buying more shares. Musk has played his hand and threatened to liquidate his shares if the offer is not accepted.

Elon's letter to the Twitter Chair said, “Since making my investment I now realize the company will neither thrive nor serve this societal imperative in its current form. Twitter needs to be transformed as a private company.”

That's a pretty big comment to make in your first week by sharing. He also said that Musk may have been planning this all along and that Twitter might actually have accepted the offer.

However, Musk has many ideas for Twitter, and if he manages to buy them, we might see a complete overhaul of the platform. But what do you think of Elon Musk trying to buy Twitter?

Keywords: elon musk, twitter, blackmail, elon musk news