Musk discloses a 9.2% stake in Twitter
A regulatory filing revealed he had become the platform's largest shareholder, setting off the chain of events that led to a buyout.
Archive entry. This article looks back at an event from April 4, 2022. It was drafted with AI assistance from public records and is being fact-checked. See our About page.
On April 4, 2022, a filing with US regulators showed that Elon Musk had acquired about 9.2% of Twitter, making him its largest outside shareholder.
Twitter's CEO announced that Musk would join its board. Days later, Musk said he would not, and on April 14 he made an unsolicited offer to buy the whole company for $54.20 a share.
Twitter's board first adopted a defensive "poison pill" to resist, and then accepted the $54.20 offer on April 25, 2022.
