Elon Musk offers to buy Twitter for $41 billion

Tech billionaire Elon Musk has made an offer to acquire Twitter for $54.20 a share – valuing the social media giant at $41.4BN

Musk “best and final” offer was revealed in an SEC filing today and comes after he revealed he’d bought 9% of Twitter

making him the company’s largest individual shareholder.

Musk’s offer price of $54.20 per share, which was disclosed in a regulatory filing on Thursday, represents a 38% premium to Twitter’s April 1 close

the last trading day before the Tesla CEO’s more than 9% stake in the company was made public.

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“I invested in Twitter as I believe in its potential to be the platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy,” Musk wrote

“My offer is my best and final offer and if it is not accepted, I would need to reconsider my position as a shareholder,” Musk said.

Elon Musk Net Worth

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