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 [{ "selector": ".pxxqt-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "transform": "translateY(calc(600px - 429px))", "opacity": 1}, {"offset": 1, "transform": "translateY(0)", "opacity": 1} ] }]

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

“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 [{ "selector": ".zrxix-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": 1} ] }]

“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. [{ "selector": ".paxeg-a", "duration": "500ms", "fill": "forwards", "delay": "0ms", "keyframes": [ {"offset": 0, "opacity": 0}, {"offset": 1, "opacity": 1} ] }]

Elon Musk offers to buy Twitter for $41 billion

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