Tesla owner Elon Musk has offered to buy Twitter for $54.20 per share…. Wait for it – in cash.
Twitter at a share of $54.20 is expected to be worth $43 billion.
Elon made his move to buy Twitter after owning the majority of its shares.
According to Mr. Musk, Twitter has extraordinary potential and he will unlock it, as he makes the “best and final” offer to buy the social media.
News of his takeover attempt saw the social media company’s shares soar by 18%.
Sounds like interesting days ahead.