Elon Musk offers to buy Twitter for $41 billion
Posted on AllSides April 14th, 2022
From The Right
AP
Elon Musk has launched a $41 billion bid to buy Twitter, saying the proposed deal is part of his plan to bring “free speech around the globe” just days after rejecting a seat on the social media company’s board.
Musk’s offer price of $54.20 per share, which was disclosed in a regulatory filing on Thursday, represents a 38% premium to Twitter’s April 1 close, the last trading day before the Tesla CEO’s more than 9% stake in the company was made public.
Twitter’s shares jumped 12% in premarket trading.
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