Elon Musk offers to buy Twitter in takeover attempt
by Thomas Ricker from The Verge - All Posts on (#5Y5VB)
Illustration by Kristen Radtke / The Verge; Getty Images Tesla CEO Elon Musk is making his best and final" offer to buy 100 percent of Twitter in an updated 13D filed Thursday with the SEC. He's offering $54.20 per share in cash.
Naturally, Musk had to sneak a 420" into the offer.
Musk's wealth hovers around $260 billion, according to Bloomberg. Twitter's market valuation is about $37 billion. Musk's offer values Twitter at about $43 billion, according to CNBC.
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." The proposal was delivered in a letter to Twitter on April 13th. Musk says Twitter must go private to undergo changes that need to be made.
Twitter...