Elon Musk Ready To Disburse IDR 618.4 Trillion To Buy 100 Percent Of Twitter Shares

Elon Musk (Twitter @elonmusk)

JAKARTA - Tesla CEO Elon Musk offered about 43 billion US dollars or equivalent to Rp. 618.4 trillion to buy 100 percent of Twitter shares after he was previously announced to be Twitter's largest shareholder.

"I invested in Twitter because I believe in its potential to become a worldwide free speech platform, and I believe free speech is a social imperative for a functioning democracy," Musk said in a letter sent to Twitter chief Bret Taylor. Friday.

Elon Musk's offer is the last bid and the amount is based on his desire to buy shares traded on the stock exchange for the general public when they are worth 54.20 US dollars per share.

The SpaceX owner and Tesla CEO said if his latest offer was rejected, he would reconsider his position as a shareholder.

He also said that it would unlock Twitter's greatest potential as a space for expression, expression and freedom.

Meanwhile, Twitter's Board of Directors officially responded to Elon Musk's offer by issuing an official statement so that this discussion does not become wild ball in the community.

They also admitted to being careful and carefully reviewing the offer from Elon, who now owns 9.2 percent of Twitter's shares.

"Twitter's Board of Directors will carefully review the proposal to determine the course of action it believes is in the best interest of the Company and all of Twitter's shareholders," Twitter said.

News of the stock offering made by the billionaire also made Twitter's stock price decrease.

Previously, Twitter had offered Elon a Board of Directors position after he became Twitter's largest shareholder but Elon rejected the offer.

He also briefly suggested various changes to the Twitter service, such as removing ads on Twitter Blue to asking for crypto payments as an alternative to subscription fees.