It was a 54% premium to where shares of Twitter were trading at the beginning of the year, when Musk started his buying spree and that $54.20 number kind of sounds eerily reminiscent of the $420 per share that Musk tweeted he wanted to take Tesla private for back in 2018. Late Wednesday, he made the all-in-cash offer of $43 billion to buy Twitter outright, saying it was, "His best and final offer for the company." The $43 billion valued each share at $54.20, an 18% premium to where shares of Twitter were trading earlier in the week. ![]() He was offered a board seat and then he turned it down earlier last week, saying he did not have faith in the company's management team to change Twitter's strategy and commit to making it an open source platform that will uphold free speech and be open to anyone. A stake he's been building since January. As you recall, Musk disclosed a 9.2% stake in Twitter a couple of weeks ago. In case you missed it last week, Elon Musk sent a letter to Twitter's chairman and filed with the SEC to offer $43 billion in cash to buy the social media platform outright and take it private.
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