Elon Musk offers ‘best and final’ offer to buy Twitter, launches $ 43-billion

Elon Musk has made a “best and final” offer to buy Twitter, saying the company has tremendous potential and he will unlock it.

The richest man in the world will pay $ 54.20 (approximately Rs. 4,120) in cash per share, representing a 54 percent premium compared to January 28. Closing price and about $ 43 billion (approximately Rs. 327421.35 crore). Shares of the social media company rose 18 percent.

Musk, 50, made the offer in a filing with the US Securities and Exchange Commission on Thursday. The billionaire, who also controls Tesla, first issued about 9 percent shares on April 4.

Executive is one of the most visited firebrands on Twitter, often tweeting memes and attracting more than 80 million followers of @ elonmusk. He was outspoken about the changes he wanted to consider imposing on social media platforms, and the company offered him a seat on the board after announcing his partnership, making him the largest private shareholder.

After his partnership became public, Musk immediately appealed to users about possible steps, including turning Twitter’s San Francisco headquarters into a homeless shelter and adding an edit button to Twitter to provide premium users with automatic verification marks. A tweet suggests that Twitter is dying because many celebrities have too few followers.

Musk has power. According to the Bloomberg Billionaire Index, it is currently valued at about $ 260 billion (approximately Rs. 19,21,486 crore), compared to Twitter’s market value of approximately $ 37 billion (approximately Rs. 281749.45 crore).

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