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investor Twitter ridiculed Elon Musk and offered to buy the social network for $30 billion less than it cost the tycoon.
Leonidas Raisini He offered $14.3 billion for the company and, to make the formal offer, used the same letter Musk used in his takeover speech to the old board of directors.
Was he kidding?
In his letter, Raizini uses almost the same words as Elon Musk Bret Taylor, then chairman of this board.
I invested in Twitter because I believe in its potential to become a platform for free expression worldwide, and I believe that freedom of speech is a social imperative for a functioning democracy.
However, after investing my funds, I now understand that the company will not prosper or meet this social imperative in its current form. Twitter should go private.
As a result, I propose to buy 100% of Twitter shares at $54.20 per share in cash, at a 54% premium over the day prior to investing in Twitter, and at a 38% premium over the day prior to the public announcement. about my investments. My proposal is my last and best proposal, and if it is not accepted, I will have to reconsider my position as a shareholder.
Twitter has exceptional potential. I will unlock it.
Investor Letter Elon Musk is next.
Before I acquired Twitter, I invested in Twitter because I believed in its potential as a platform for free speech, and I believe that free speech is a social imperative for a functioning democracy.
However, since the acquisition of Twitter, it has failed to deliver on its promise of free speech, and Twitter has become a hotbed of hate and terrorism on the Internet. Now I understand that the company will not prosper or meet this social imperative in its current form under its current ownership. Twitter must be transformed into a public company in which members become owners. Together, these members form Twitter’s governing body and are under leadership that can respect free speech without spreading misinformation or hate.
Together with my partners, my foundation provided the funds to buy Twitter.
As a result, I’m proposing to buy 100% of Twitter at $18.53 per share in cash ($14.26 billion), as I don’t believe the current $41.09 billion valuation is accurate. My offer is my best and last offer, and if it is not accepted, I will have to reconsider my position as a shareholder and tell my fund to withdraw my investment.
Twitter has super extraordinary potential. I’m the one who unlocks it.
Management critic
insidersthe source of the story, could not confirm whether he is indeed an investor in the social network.
What is Raizini is an ardent critic Elon Musk. For example, in November he called Musk “a pathological liar, a charlatan and a supervillain.”
Raisini Musk’s letter is printed on the letterhead of the London company Raisini Ltd. Companies House, the UK government registry of companies, considers the business to be dormant.
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Source: RPP
I am Ben Stock, a passionate and experienced digital journalist working in the news industry. At the Buna Times, I write articles covering technology developments and related topics. I strive to provide reliable information that my readers can trust. My research skills are top-notch, as well as my ability to craft engaging stories on timely topics with clarity and accuracy.