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    Home»Mergers and acquisitions»Elon Musk offers to buy Twitter at $43bn valuation
    Mergers and acquisitions

    Elon Musk offers to buy Twitter at $43bn valuation

    April 14, 2022Updated:April 14, 20221 Min Read
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    FILE PHOTO: Elon Musk talks at the Automotive World News Congress at the Renaissance Center in Detroit, Michigan, January 13, 2015. REUTERS/Rebecca Cook/File Photo
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    Bid for social media company comes after Tesla boss became its largest shareholder

    Elon Musk has made an offer to buy Twitter with a bid that values the company at $43.4bn, vowing to “unlock” the potential of the social media platform by taking it private.

    Musk’s offer of $54.20 a share comes days after he took a 9 per cent stake in the company, becoming its largest shareholder but rejecting an invitation to join its board.

    Musk said his offer represented a 54 per cent premium over the day he began investing in the company and a 38 per cent premium to April 1, three days before his stake building became public.

    Read more: FT

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    deals and transactions Mergers and acquisitions PE Insider Private Equity
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