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Elon Musk Makes $43 Billion Unsolicited Bid to Take Twitter Private

  • World’s richest person will offer $54.20 per share in cash
  • Tesla executive is one of Twitter’s most-watched firebrands
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Elon Musk Makes $43 Billion Offer for Twitter
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Billionaire entrepreneur Elon Musk offered to take Twitter Inc. private in a deal valued at $43 billion, lambasting company management and saying he’s the person who can unlock the “extraordinary potential” of a communication platform used daily by more than 200 million people.

The world’s richest person said he’ll pay $54.20 per share in cash, 38% above the price on April 1, the last trading day before Musk went public with his stake. The social media company’s shares were little changed at $45.81 in New York on Thursday, a sign there’s skepticism that one of the platform’s most outspoken users will succeed in his takeover attempt.