Elon Musk offers to buy Twitter for $41 bn at $54.20 per share
Elon Musk offers to buy Twitter for $41 bn at $54.20 per share Just days ago, Musk had rejected an offer to join the social media company's board – a move that would have impeded a possible takeover bid. New Delhi: SpaceX chief and billionaire investor Elon Musk has offered to buy Twitter for nearly $41 billion. Just days ago, Musk had rejected an offer to join the social media company’s board – a move that would have impeded a possible takeover bid. Musk’s offer price of $54.20 per share was disclosed in a regulatory filing on Thursday, news agency Reuters reported. “The price represents a 38 per cent premium to Twitter’s 1 April close, the last trading day before the Tesla CEO’s more than 9 per cent stake in the company was made public,” the report said. “Since making my investment I now realize the company will neither thrive nor serve this societal imperative in its current form. Twitter needs to be transformed as a private company,” Musk said in a letter to Twitter Chairman Br