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Elon Musk Makes ‘Best and Final’ Offer to Buy Twitter, Launches $43-Billion Hostile Takeover

Elon Musk has made a “best and final” offer to buy Twitter, saying the company has extraordinary potential and he will unlock it.The world's richest man will pay $54.20 (roughly Rs. 4,120) per share in cash, representing a 54 percent premium over the January 28. closing price and a value of about $43 billion (roughly Rs. 327421.35 crore). The social media company's shares soared 18 percent in pre-market trading.Musk, 50, announced the offer in a filing with the US Securities and Exchange Commission on Thursday. The…

Elon Musk Attempts Hostile Takeover of Twitter: Here’s How Users Reacted to His $43-Billion Offer

Elon Musk took the world by surprise with his proposal to buy Twitter. The Tesla boss has offered to acquire the social media platform for a whopping sum of $43 billion (roughly Rs. 3,28,080 crore) in an all-cash deal. Musk is one of Twitter's largest shareholder, with a stake of 9.2 percent. People have flooded the microblogging platform with reactions that range from grave concern to funny memes about the social media platform's fate. Musk's offer of $54.20 (roughly Rs. 4,150) per share is a premium of 18 percent …