Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
Thailand Inflation Remains Negative for 10th Straight Month in January 
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies 
Qantas to Sell Jetstar Japan Stake as It Refocuses on Core Australian Operations 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions 
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals 
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences 
Anthropic Eyes $350 Billion Valuation as AI Funding and Share Sale Accelerate 
Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks 
Elon Musk acquired a 9.2% stake in Twitter and became its largest shareholder, and this was revealed on April 4. Subsequently, he was offered a seat on the company’s board, and his appointment was supposed to take effect on April 9, but Musk decided to decline the offer at the last minute.
In breaking news that was reported on Thursday, April 14, the 50-year-old billionaire was said to have offered to buy the entire Twitter instead. He placed a bid for an acquisition deal worth $54.20 per share, which is equivalent to around $43 billion.
According to CNBC, Elon Musk said that he made the offer to buy the said social media platform because it “needs to be transformed as a private company.” In a letter that was sent to Twitter chairman, Bret Taylor, and disclosed in a securities filing, he said that he “invested in Twitter as I believe in its potential to be the platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy.”
But Musk said he now realized that Twitter would neither thrive nor serve this societal imperative in its current form. Thus he thinks it needs to be transformed into a privately owned company. For this, he is offering to acquire it 100% and will be paying in cash. The Tesla founder added that the $54.20 per share price is his best and final offer.
Musk further said that if Twitter will not accept his best offer, he would need to reconsider his position as a shareholder. On Wednesday. the social media platform’s shares increased 12% in premarket trading after closing at $45.85 per share.
Meanwhile, Fox Business reported that Elon Musk admitted he is not sure if he will be able to buy 100% of Twitter but revealed he has a “Plan B” in case Twitter rejects his best offer. He shared this via an interview on Thursday, April 14, via TED2022 in Vancouver. Then again, he declined to say more about what his Plan B is.
