Billionaire Stephen Akintayo has said he is ready to purchase a popular Nigerian English-language internet forum, Nairaland with N1billion.
The is coming after the purchase of Twitter by Elon Musk for $44 billion.
According to Blaze Newz, Akintayo had initial offered N100M for Nairaland.
Akintayo, while saying that the Musk buy over of Twitter started with a Tweet some five years ago, affirmed his only weakness with @nairaland is it’s not a publicly traded company, otherwise, he would only use Femi Otedola’s move on First Bank of Nigeria Plc.
Billionaire Stephen Akintayo excited after acceptance into Forbes Business Council.
Revealing how he will be paying the N1billion stake after Nairaland’s value was estimated at the sum of $2, 643, 093, Akintayo tweeted “Base on this! I Am Ready to pay 1Billion Naira 20% Cash 80% Land to Buy @nairaland 100% .
Guys let’s do this! I know what I can turn this site to in less than 10Years. I Mean Business! We can’t keep waiting till foreigners buy all our tech business”.
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