Elon Musk offers to buy Twitter in takeover attempt

In an updated 13D filing, Musk said that he was making his final offer to buy 100 percent of Twitter. He is offering $54.20 per share in cash.

Musk is offering to acquire all of the outstanding Common Stock of the Issuer not owned by the Reporting Person for all cash consideration of $54.20 per share. Musk says that the changes need to be made in private.

If Musk's offer is not accepted, I would need to rethink my position as shareholder.

On the news, shares of the social network are up over 13 percent. There is a fear that the number one fan of the social networking site might become distracted by his new pet.

Just ten days ago, it became clear that the world's richest man had purchased a 9.2 percent stake in the company. After the appointment of Musk to the board fell through just a few days ago, the CEO of the company told staff that there would be distraction.

Everyone will be distracted by a hostile takeover.