[BREAKING] Elon Musk has made an offer to buy Twitter, saying the company has extraordinary potential and he will unlock it. Elon Musk
Elon Musk has made a “best and final” offer to buy Twitter Inc., saying the company has extraordinary potential and he will unlock it. The world’s richest man will offer $54.20 per share in cash, representing a 54% premium over the January 28 closing price and a value of about $43 billion. Musk, 50, announced the offer in a filing with the US Securities and Exchange Commission on Thursday. The billionaire, who also controls Tesla Inc., first disclosed a stake of about 9% on April 4.
One tweet suggested Twitter might be dying, given that several celebrities with high numbers of followers rarely tweet. Musk can afford a takeover of Twitter. He’s currently worth about $260 billion according to the Bloomberg Billionaire’s Index, compared with Twitter’s market valuation of about $37 billion. In a letter to Twitter’s board, Musk said he believes Twitter “will neither thrive nor serve [its free speech] societal imperative in its current form.
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