Elon Musk makes offer to buy Tunisian-Mauritanian telecoms operator: reports

Elon Musk is looking to buy an African telecoms operator, after his huge purchase of social media giant Twitter

The New Arab Staff
04 November, 2022

Elon Musk recently became the owner of Twitter [Getty/archive]

Elon Musk has offered a multi-million dollar deal to purchase pan-African telecoms giant Mattel, just days after his controversial buy-out of Twitter.

Musk, the world's richest man, made a $270 million offer to purchase shares in the company from its current owners, including Tunisie Telecome and Mauritanian businessman Mohamed Ould Bouamatou, according to the financial journal Financial Afrik.

Tunisie Telecom owns a majority of 51 percent of Mattel’s shares.

Nothing was yet concrete according to the business journal that spoke with sources familiar with the matter.

Elon Musk bought Twitter for $44 billion earlier this year and his takeover of the social media giant was finalised last month.

It has led to fears both of an impact on free speech and a proliferation of fake news on the platform.