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Twitter says it’ll assessment Musk’s bid for the corporate.

Twitter mentioned on Thursday that it had gained Elon Musk’s “unsolicited, nonbinding proposal” to shop for the corporate and take it non-public.

In a commentary, Twitter mentioned that its board would assessment Mr. Musk’s Securities and Trade Fee submitting and “decide the plan of action that it believes is in the most efficient hobby of the corporate and all Twitter stockholders.”

The chance that Mr. Musk may transfer to shop for the corporate outright arose this week, when Twitter introduced that he would no longer join the board, severing an settlement for the seat that included stipulations that Mr. Musk would now not purchase greater than 14.9 p.c of Twitter’s inventory or take over the corporate.

Mr. Musk recently owns 9.2 percent of Twitter, making him its greatest shareholder.


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