Why Does Musk Want To Buy Twitter. Like other billionaires Musk cant resist the siren call of owning big media. The billionaire Tesla and SpaceX boss has proposed.
The billionaire Tesla and SpaceX boss has proposed. Last week Musk made a 43 billion cash offer for the company saying that in order for Twitter to grow it needs to be taken private. Why take a public company private.
By April 4 he was the companys biggest shareholder with a 9 stake.
Now why would the worlds richest person want to buy into Twitter. As a company its balance sheet is very weak but despite this Elon Musk wants to buy it at any cost. SOPA Images via Getty Images Elon Musk the richest person in the world has offered to buy Twitter for more than 40 billion dollars 305 billion in a move that prompted the same question across the world. After accepting and then turning down a seat on Twitters board of directors a position that would limit the number of shares he could own in the company Musk made an offer to buy Twitter outright.
