Tesla CEO Elon Musk made a cash bid of $54.20 per share for the social networking site.
For $54.20 per share, in cash, Elon Musk, the CEO of electric-car manufacturer Tesla, made a bid to purchase the social networking firm.
“I am offering to buy all of Twitter for $54.20 per share in cash, representing a 54 percent premium over the share price on the day before I began investing in Twitter and a 38 percent premium over the share price on the day before my position was publicly disclosed. As a shareholder, if my offer is not accepted, I will have to rethink my position in the company “Musk made the announcement in a statement.
Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.
