To become the largest shareholder, Elon Musk purchases a $2.9bn stake at Twitter

To become Twitter’s largest shareholder, Elon Musk the billionaire took a nearly $3bn stake (PS2.3bn).

ADVERTISEMENT

According to filings to the US Securities and Exchange Commission on Monday, the world’s wealthiest man has acquired a 9.2% stake in Twitter.

SpaceX boss Tesla paid $2.89bn to secure a stake in Twitter’s closing share price.