Elon Musk offers To Buy Twitter For $41-bn

Elon Musk is the charismatic co-founder of PayPal and Tesla, as well as the founder of SpaceX, Neuralink, and The Boring Company.

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On 4th April, news came that Entrepreneur Elon Musk became the largest Stake holder in the Micro Blogging platform Twitter.

After that, he refused to become a member of the company's board.

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Today, Elon made an offer to Twitter to buy out the company at $41 billion.

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He made a “best and final” offer to buy Twitter Inc., saying the company has extraordinary potential and he will unlock it

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Musk offered to pay $54.20 per share in cash, representing a 54% premium over the Jan 28.

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Twitter's shares jumped 12% in premarket trading.

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"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 Bret Taylor.

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Musk can afford it. He’s currently worth about $260 billion according to the Bloomberg Billionaire’s Index, compared with Twitter’s market valuation of about $37 billion.

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