Everything you need to know about Elon Musk’s purchase of Twitter
The offer is the latest twist in the internet mogul’s volatile relationship with Twitter.
Elon Musk, the billionaire, has made a substantial offer for Twitter.
Musk has bid $54.20 a share for each share of the powerful social media business,
Valuing Twitter at $43 billion. Tesla, SpaceX, and other businesses are already owned by Elon Musk, who owns 9.2 percent of Twitter.
In a letter to Twitter Chairman Bret Taylor on Thursday, Musk said, “It is now evident to me that the business will not prosper in its current form or satisfy [its] social imperative.” “Twitter has a lot of promise. It will be unlocked by me.
The offer, which Musk described as “the best and the last,” is the latest in a volatile relationship between Musk and Twitter since the tech tycoon revealed his involvement two weeks ago.
Musk is a major shareholder in the social networking platform. Musk subsequently declined a place on Twitter’s board of directors, increasing suspicions that he will attempt a hostile takeover.
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