Elon Musk Offers to Buy Twitter, Take it Private

Elon Musk Offers to Buy Twitter, Take it Private

by Stephen Sorace

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Tesla CEO Elon Musk offered to buy Twitter in a deal worth more than $43 billion and take the social media company private.

Musk’s best and final offer was to pay $54.20 per share for 100% of Twitter, and said that if his offer was not accepted he’d have to reconsider his position as a shareholder, according to an SEC filing.

Musk recently disclosed a 9.2% stake in Twitter, but he rejected an offer to join its board of directors and criticized the social media platform in tweets. Read the rest at foxbusiness.com.

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Hmm… I wonder if this is where Elon got the idea to buy Twitter? (lol):