Musk just offered to buy 100 percent of the company for about $41 billion, making him the richest person in the world.
In a 13D regulatory filing, Musk made a final offer of $54.20 per share in cash for the social media giant, which is a 54 percent premium over the closing price on January 28.
Musk said that if his offer is not accepted, he may rethink his recent investment.
If my offer is not accepted, I would need to rethink my position as a shareholder.
The company will not thrive or serve this societal imperative in its current form, since Musk made his investment. Musk said in his offer that he wants to transform the company into a private company. I will open it.
With the news breaking, the shares of the social network soared.
The news came days after Musk was appointed to the board. On the same day that it was revealed that Musk is being sued for his investment in Twitter, a class action lawsuit was filed against him.
Your move.
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