Washington: Elon Musk, head of Tesla and private space company SpaceX, bought a 9.2% stake in social networking site Twitter.
According to a BBC report, Billionaire Elon Musk bought shares of Twitter worth more than 73.4 million, valued at about 3 billion.
The report states that the share price of Twitter has increased by 25% in the international market after the news of the purchase of Twitter shares by Elon Musk.
The owner of Tesla has become the largest shareholder in Twitter after buying 9.2% stake in Twitter, while Jack Door C, co-founder of Twitter, owns 2.25%.
On the other hand, the US Securities and Exchange Commission has also confirmed Elon Musk's purchase of Twitter shares.
Earlier, Elon Musk, head of the private space company SpaceX, had said that he was seriously considering creating a new social media platform for freedom of expression.
