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Tesla CEO and the world's richest man, Elon Musk, has offered to buy micro-blogging platform Twitter for $43 billion.
Musk's offer price of $54.20 per share represents a 38% premium to the closing price of Twitter's stock on April 1, Reuters said.
Musk, with an over 9% Twitter stake, is the platform's biggest shareholder.
Elon Musk has made a “best and final” offer to buy Twitter Inc., saying the company has extraordinary potential and he will unlock it.
Elon Musk Reports A Passive Stake Of 9.2% In Twitter Inc - SEC Filing
$TWTR racing higher on this news