What you need to know

  • Elon Musk wants to buy Twitter for $54.20 per share.
  • He says that if the offer is not considered, he will have to reconsider his position as shareholder.
  • Last week, he bought 9.2% of the company to become the largest shareholder. He was offered to become a board member, to which he declined.

SpaceX and Tesla founder Elon Musk offers to buy 100% of Twitter for $54.20 per share in cash. 

Musk is offering to “acquire all of the outstanding Common Stock of the Issuer not owned by the Reporting Person for all cash consideration valuing the Common Stock at $54.20 per share,” according to a letter sent to Twitter on April 13. The letter was posted on the SEC.  

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