Elon Musk offers to buy Twitter for $41 billion
![]() 1107 Thursday, 14 April, 2022, 15:06 Billionaire Elon Musk has offered to buy Twitter for about US$41 billion, just days after rejecting a seat on the social media company’s board. Musk’s offer price of US$54.20 per share, which was disclosed in a regulatory filing on Thursday, represents a 38 per cent premium to Twitter’s April 1 close, the last trading day before the Tesla CEO’s more than nine per cent stake in the company was made public. Twitter’s shares jumped 12 per cent in premarket trading. “Since making my investment I now realize the company will neither thrive nor serve this societal imperative in its current form. Twitter needs to be transformed as a private company,” Musk said in a letter to Twitter Chairman Bret Taylor. “My offer is my best and final offer and if it is not accepted, I would need to reconsider my position as a shareholder,” Musk said. |
Trump claims US tariffs made nations leave bloc
47915.10.2025, 10:42European Commission slaps three major fashion brands with €157 million fine
53014.10.2025, 23:33Russia, Azerbaijan and Iran to establish joint working group on road transport
57514.10.2025, 13:23China's September exports to Russia show steepest decline in seven months
55613.10.2025, 23:17China’s Tibetan Mega-Dam Is Veiled in Secrecy
53712.10.2025, 17:36Trump threatens 'massive' China tariffs as Beijing restricts rare-earth exports
51610.10.2025, 20:46Thousands march in Athens against labor law changes, disrupt services nationwide
81901.10.2025, 19:18Lufthansa airline group to shed 4,000 jobs by 2030, sees stronger profits ahead
81629.09.2025, 18:46