Has no comment on proposed purchase of Twitter by Musk: White House

Washington, April 15 ( /Sputnik) The Biden administration has no comment on the proposed purchase of 100% stake in Twitter by entrepreneur Elon Musk, White House Principal Deputy Press Secretary Karine Jean-Pierre said. Musk in a filing with the US Securities and Exchange Commission (SEC) offered to purchase 100% of Twitter for $54.20 per share, according to a letter Musk sent along with the filing. “This is an offer by a private investor and we don’t have any comment here. The SEC is independent and would handle any review processes if this moves forward,” Jean-Pierre said during a press briefing when asked about the proposed purchase. The potential sale would put Twitter’s market capitalization above $43 billion. If the offer is rejected, Musk would have to reconsider his position as a shareholder in the social media company, according to his letter. /SPUTNIK GNK

Leave a Comment