Elon Musk is offering $43 billion to acquire Twitter.

April 14, 2022

In a filing with the US SEC, Tesla CEO Elon Musk offered to pay $54.20 per share in cash, a 54% premium over the January 28 closing price.

The tech billionaire said that the microblogging platform has extraordinary potential that he wants to unlock.

Twitter’s shares soared over 18% after Elon Musk’s offer.

Earlier, Tesla CEO revealed that he had acquired 9.2% shares in Twitter.

Elon was all set to join Twitter’s board of directors as the company’s largest shareholder before pulling out at the last minute.

The eccentric billionaire is the eighth most followed personality on Twitter.

Elon Musk has voiced his opinion about the changes he wants to see in Twitter, including an edit button.