After rejecting being a board member, Tesla chief Elon Musk, on Thursday, launched a takeover bid for Twitter, insisting it was a “best and final offer”.
“Twitter has extraordinary potential. I will unlock it,” Musk wrote in a filing to US regulators, adding the site has the possibility to be “the platform for free speech around the globe.”
Twitter’s board said it would carefully review what it termed Musk’s “unsolicited, non-binding” offer and decide on a course of action that was “in the best interest of the company and all Twitter stockholders.”
Know the top ten shareholders of Twitter:
Elon Musk, who is the world’s richest man, recently purchased around 73,486,938 shares of Twitter on or before March 14, making him the largest shareholder of the company.
4 – BlackRock
BlackRock Inc. is one of the largest American multinational investment management corporation and it owns around 51,858,827 shares of Twitter currently.
6 – 10 – Aristotle, FMR LLC and others
Other companies that are in the top ten shareholders of Twitter are Aristotle Capital Management, FMR LLC, Ark Investment Management, Clearbridge Investments, and Geode Capital Management. All of these companies own over 14,000,000 shares of Twitter.
- Ark Investment Management owns 17,245,755 shares
- Clearbridge Investments owns 16,733,505 shares
- Geode Capital Management owns 14,314,021 shares
- Sumitomo Mitsui Trust Holdings owns 12,467,698 shares
Additional materials: AFP, DNAINDIA
Copyright PUNCH.
All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.
Contact: [email protected]
