Billionaire Elon Musk has offered to buy Twitter for $41.39bn, a regulatory filing showed.
The Tesla CEO’s offer price of $54.20 per share represents a 38% premium to the closing price of Twitter’s stock on 1 April, the last trading day before his investment of over 9% in the company was publicly announced.
It comes just days after he rejected a seat on the social media company’s board.
This article was originally published by Sky.com. Read the original article here.