April 14 (Reuters) – Elon Musk has offered to buy Twitter (TWTR.N) for about $41 billion in cash, saying the social media company he has often criticized needs to go private to see effective changes.
Musk’s price of $54.20 per share, which was disclosedin a regulatory filing on Thursday, represents a 38% premium to Twitter’s April 1 close, the last trading day before Tesla (TSLA.O) CEO’s more than 9% stake in the company was made public.
Source: Elon Musk swoops down on Twitter with $41 bln cash offer
