Elon Musk Offers to Buy Twitter for $43 Billion
Elon Musk has made a “best and final” offer to buy Twitter, saying the company has extraordinary potential and he will unlock it.
Musk (50) made the announcement in a U.S. Securities and Exchange Commission filing on Thursday. On April 4, Musk (a billionaire and the CEO of Tesla Inc.) disclosed for the first time a share of around 9%.
The executive is one of Twitter’s most-watched firebrands, often tweeting out memes and taunts to @elonmusk’s more than 80 million followers. He has been outspoken about changes he’d like to consider imposing at the social media platform, and the company offered him a seat on the board following the announcement of his stake, which made him the largest individual shareholder.
After his stake became public, Musk immediately began appealing to fellow users about prospective moves, from turning Twitter’s San Francisco headquarters into a homeless shelter and adding an edit button for tweets to granting automatic verification marks to premium users. Twitter could be dead, as several famous people with large followings rarely tweet.
Musk can afford it. He’s currently worth about $260 billion according to the Bloomberg Billionaire’s Index, compared with Twitter’s market valuation of about $37 billion.
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