An offer they couldn’t refuse – On April 14, 2022, the whimsical Elon Musk announces to his community that he has made a offer to Twitter: buy back all the shares of the social network. Since April 25, it’s done: the blue bird has given in to the advances of the fan of Dogecoin (DOGE), in accepting his generous offer.
Twitter bought for $44 billion in the name of free speech
The freedom of expression soon back on Twitter ? In any case, this is the reason given Elon Muskwhen he started with buy 9.2% of TWTR shares of the social network: of its 2 million fans who responded to its survey, 70% say that Twitter does not strictly respect freedom of expression.
But that was not enough, and the billionaire has refused a job to Twitter’s board because he had another idea in mind. The CEO of Tesla and SpaceX has thus proposed to redeem the whole of more than 800 million TWTR shares, at a unit price of $54.20.
In a press release published on April 25, 2022, Twitter announces that it has reached a final agreement with Elon Musk for his 100% acquisition of the company. And this, at the price previously offered, i.e. a transaction for a total amount of approximately $44 billion.
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Dogecoin explodes by +25% in the following minutes
Elon Musk celebrated in a tweet this historic takeover, which will remake Twitter – restructuring time – a company private (not listed on the stock exchange):
“Freedom of expression is the foundation of a functioning democracy, and Twitter is the digital public square where issues vital to the future of humanity are debated (…) I also want to make Twitter better than ever, by improving it with new features, making algorithms open source to increase trust, defeating spambots, and authenticating all humans. Twitter has enormous potential – I look forward to working with the company and the user community to unlock it. »
The billionaire’s favorite crypto-doggie – the Dogecointo the iconic and smiling Shiba dog – seems to have well enjoyed of this announcement. Indeed, the course of the memecoin appreciated by nearly 25% after the Twitter press release, going from 13.8 cents dollar to peak at over 17.1 cents.
It must be said, that barely a few days after his first purchase of almost 10% of TWTR shares in early April, Elon Musk was already talking to include Dogecoin in the social network ecosystem. Indeed, the engineer-billionaire wishes offer DOGE as a means of payment subscription to premium accounts Twitter Blue.
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