Elon Musk’s Family Office Managing Director is looking for new equity investors for Twitter. According to media reports, Musk’s money manager Jared Birchall met with potential investors this week.
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Elon Musk Twitter Inc Looking for new investors for the same price they paid. When he bought the social media platform in October this year, Musk paid $54.20 per share. Musk’s Family Office Managing Director is looking for new equity investors for Twitter. According to media reports, Musk’s money manager Jared Birchall met with potential investors this week.
bought twitter for more money
The effort to find new investors has begun after several actions on Twitter. In which Musk has taken decisions like removing employees, maintaining long-standing policy and restoring band accounts. Also, recently Musk has suspended the accounts of many journalists. Earlier, the CEOs of Tesla Inc and SpaceX acknowledged that they had paid too much for Twitter, but expressed confidence in its prospects in the long run. On the Tesla conference call in October, he said that obviously, I and other investors are clearly overpaying for Twitter right now.
Tesla shares fell 57 percent
According to media reports, Twitter’s FPO can also be brought in the coming days. The price band of this FPO can be 54 to 55 dollars per dollar. Let us tell you that Musk had decided to takeover Twitter in April, after that he also decided to get out of the deal. After that the matter went to court. After which Musk took the company private in October for $ 44 billion. He sold Tesla shares to buy Twitter, due to which Tesla shares have seen a decline of 57 percent this year.