Elon Musk offers $41.3 billion to buy Twitter
Popular entrepreneur and global media personality, Elon Musk, who is also CEO of Tesla has offered $41.3 in cash to buy social media company Twitter.
āIām offering to buy 100% of Twitter for $54.20 per share in cash, a 54% premium over the day before I began investing in Twitter and a 38% premium over the day before my investment was publicly announced. 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 in a statement.
Twitter shares surged more than 12% in pre-market trading following Musk’s statement.
Earlier in April, Musk had taken 9.2% stake in Twitter for an estimated $2.89 billion.
