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Elon Musk is looking for a new investor.

Elon Musk is looking for a new investor for Twitter. The stock will be sold for $54.20 per share. That’s the same price it bought Twitter for $44 billion in October. And a radical overhaul of the company began.

Semaphore news website reported on Friday, December 16, that Mr. Jared Bircholl, managing director of the Elon family office. Musk reached out to potential investors this week.

Mr. Ross Gerber, who runs Gerber Kawasaki Wealth & Investment Management and was involved in the earlier acquisition of Twitter. has confirmed such contact

Bloomberg News reported that Fundraising Efforts Happened After the uproar on Twitter, Elon Musk ordered layoffs. Remove entrenched company policies as well as restore suspended Twitter accounts.

most recently this week Twitter has suspended the accounts of several journalists who Elon Musk says are putting his family at risk by revealing information about the whereabouts of his private jet.

Elon Musk, who is also the CEO of Tesla and SpaceX. has admitted that in the past He paid too much to buy Twitter. But he expressed confidence in Twitter’s long-term prospects. Twitter has not yet commented on the report.