Elon Musk offers to buy Twitter

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Tesla, SpaceX owner and world's richest man Elon Musk has offered to buy social media platform Twitter.

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Elon Musk has offered to buy Twitter for $54.20 per share. Let us tell you that Elon Musk wants to buy Twitter for cash.

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Tesla owner Elon Musk has refused to join Twitter's board of directors. Twitter CEO Parag Agarwal gave this information.

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Twitter Share Price Details

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Tesla CEO Elon Musk, the world's richest man, wants to buy Twitter by paying $54.20 per share in cash.

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This is a 54 percent premium compared to Elon Musk's January 28 deal. With this its value comes out to $ 43 billion.

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After this offer to buy Twitter by Musk, Twitter's share in the stock market has climbed 18 percent.

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Tesla CEO Elon Musk took a stake of about 9 percent in Twitter on April 4. After which he became the largest shareholder of the company.

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According to the news agency Reuters, Musk has said in a letter to Twitter chairman Bret Taylor that Twitter needs to be converted into a private company.

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This offer from Elon Musk is very good and if it is not accepted then he will reconsider his position as a shareholder.

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Tesla CEO Elon Musk has bought 7.35 crore shares of this social media company, which is 9.2% stake in the company.

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