Founding father Tesla Elon Musk sold its 4.4 million shares worth US$4 billion or equivalent to Rp63.36 trillion.
This was reported by the filing report of the Securities and Exchange Commission. quote CNBCFriday (29/4), Tesla’s share sale was carried out on trading Tuesday and last Wednesday.
The sale comes after Musk announced he would buy Twitter for $44 billion on Tuesday.
Under the terms of the deal, shareholders will receive $54.20 in cash for every Twitter share they own, consistent with Musk’s original offering and marking a 38 percent premium to the share price, the day before Musk discloses his stake in the company.
“The Twitter board undertook a thoughtful and comprehensive process to assess Elon’s proposal with a focus on value, certainty and financing,” Twitter independent board chairman Bret Taylor said in a statement.
He called the deal ‘the best way forward for Twitter shareholders’.
Musk has gone through a long journey to be able to buy the social media platform Twitter (TWTR). From criticizing, buying few shares, refusing to enter the board of directors to finally buying the company for $44 billion.
(wel/one)
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