Elon Musk offers to buy Twitter for $41.39bn

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Billionaire and business magnate Elon Musk has offered to buy Twitter for 41.39bn according to a regulatory filing.

The Tesla Motors CEO’s offer price of $54.20 per share was 38% higher than the closing price of Twitter’s stock on April 1, 2022, the last trading day before his investment of over 9% in the company was publicly announced.

This comes just days after Elon rejected a seat on the social media company’s board.