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Elon Musk buys $2.9bn stake in Twitter
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Elon Musk has built up a 9.2% stake in Twitter, according to filings with the US Securities and Exchange Commission (SEC) on Monday.
Twitter shares jumped 26% in pre-market trading on the back of the news that the world’s richest person holds shares worth almost $3bn in the micro-blogging platform.
Musk, the maverick boss of Tesla and SpaceX who has an estimated $273bn (£208bn) fortune, owned 73,486,938 Twitter shares on 14 March according to the filing. Those shares were worth just under $2.9bn based on Friday’s closing price, but will now be worth about $3.6bn.
Read more on theguardian.comAbout this in other media
Forget Twitter: Elon Musk has his hands full keeping Tesla on the road theguardian.com /2 years ago
The chaotic week Musk tried to buy Twitter – and the questions that lie ahead theguardian.com /2 years ago
Elon Musk offers to buy Twitter in deal valuing platform at $43bn fnlondon.com /2 years ago
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