Elon Musk Reveals Interest To Buy Collapsed Silicon Valley Bank

Twitter boss and billionaire Elon Musk, has disclosed his interest to buy the collapsed Silicon Valley Bank (SVB).

He disclosed this via his Twitter handle on Saturday.

SVB, a four-year-old United States lender and a cornerstone of the tech startup scene, collapsed on Friday after a stunning 48 hours, making it the second biggest bank failure since the 2008 financial crisis.


Elon’s interest followed a tweet suggestion of the co-founder and Chief Executive Officer of Min-Liang Tan, an American global gaming hardware company, Razer.

Tan suggested Musk turn the failed bank into a digital bank.

Tan tweeted, “I think Twitter should buy SVB and become a digital bank,” he wrote on Twitter.

In his response, Twitter’s boss replied, “I’m open to the idea.”

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