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Musk offers to buy Twitter for $41.39bn

1930

Billionaire Elon Musk has offered to buy Twitter for $41.39bn, a regulatory filing showed.

The Tesla CEO’s offer price of $54.20 per share represents a 38% premium to the closing price of Twitter’s stock on 1 April, the last trading day before his investment of over 9% in the company was publicly announced.

It comes just days after he rejected a seat on the social media company’s board.

Sky News

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