Elon Musk launches US$43bil hostile takeover of Twitter


The takeover bid is the latest saga in Musk’s volatile relationship with Twitter. — AFP

Elon Musk has made a “best and final” offer to buy Twitter Inc, saying the company has extraordinary potential and he is the person to unlock it.

The world’s richest person will offer US$54.20 (RM229.16) per share in cash, representing a 54% premium over the Jan 28 closing price and a valuation of about US$43bil (RM181.95bil). The social media company’s shares soared 18% in pre-market trading.

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