Market Updates
Musk Makes $43 Billion Offer to Buy Twitter
Barry Adams
14 Apr, 2022
New York City
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In a non-binding letter to the SEC, Elon Musk, Tesla CEO offered to buy remaining shares of Twitter Inc for $54.20 a share in cash. The offer values the company at $43 billion. Musk added that the company has extraordinary potential but it can only be realized as a private company. Twitter jumped 4% in trading after the social media platform operator said it will carefully review the offer.
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