Elon Musk’s team has reached out for potential fresh investment for Twitter at the same price as the original $44 billion deal, according to one shareholder who said he was contacted about the proposal.
Ross Gerber, a shareholder in Twitter and Tesla, says he has been approached to put more money into the social-media platform
Elon Musk has warned of dire financial challenges facing Twitter, the social media company he took over for $44 billion in October. WSJ’s Mark Maurer explains how the company is trying to fix its finances and avoid a potential bankruptcy. Photo Illustration: Laura KammermannElon Musk’s team has reached out for potential fresh investment for Twitter Inc. at the same price as the original $44 billion deal, according to one shareholder who said he was contacted about the proposal.
Ross Gerber, president and CEO at Gerber Kawasaki Wealth & Investment Management, said a representative for Mr. Musk contacted him about offering more shares Thursday.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Elon Musk seeks Twitter investors at price he paid for company: reportMusk’s money manager, Jared Birchall, reached out to potential investors, offering shares of Twitter at the same price, $54.20, that Musk paid to take the company private in October.
Read more »
As Twitter Struggles, Elon Musk Sells Another Big Chunk Of Tesla Stock, Raising $3.5 BillionTwitter’s new owner Elon Musk has unloaded another 22 million shares of his publicly-traded electric automaker Tesla, raising north of $3.5 billion. The move follows a sale in November of 19.5 mill…
Read more »
Elon Musk sales of Tesla stock to fund Twitter damaging, says Dan IvesElon Musk's Tesla stock sales are throwing gas on a burning fire, and the EV maker's board may be forced to confront the Twitter sideshow, Wedbush says
Read more »
Video: Elon Musk and his Twitter madness on CNN Nightcap | CNN BusinessPuck's William Cohan tells 'Nightcap's' Jon Sarlin why Elon Musk might want to run Twitter into the ground. Plus, journalist Jacob Silverman predicts what could cause a true crypto apocalypse following the arrest of Sam Bankman-Fried. And the Washington Post's Taylor Lorenz explains why American tech giants want to make TikTok the boogeyman. To get the day's business headlines sent directly to your inbox, sign up for the Nightcap newsletter.
Read more »
Twitter suspends journalists who have been covering Elon Musk and the companyThursday's suspensions come as Musk has backtracked on his promise that he would run Twitter as a free speech absolutist.
Read more »