Billionaire Elon Musk has offered to buy Twitter for $41.39billion, a regulatory filing showed on Thursday,Your Content has learned.
Elon Musk has offered to buy Twitter for $41.39billion.
The outspoken Tesla CEO currently owns more than 9 percent of Twitter’s stock.
He has offered to buy Twitter’s remaining stock at $54.20 per share.
His offer represents a 38 percent premium to the closing price of Twitter’s stock on April 1, when Musk last purchased shares of the company.
If Twitter’s board rejects his offer, Musk could launch a hostile takeover.
Analysts predict the board is likely to reject his ‘generous’ bid, but also argue the company really cannot afford to do so,‘according to The Daily Mail.
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