Tesla chief Elon Musk offers to buy Twitter for $41 billion

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Elon Musk proposed to acquire Twitter for $41 billion in cash on Thursday, just days after ejecting to join the social media company's board of directors.

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Musk's $54.20 per share offer price was revealed in a regulatory filing on Thursday.

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At present, Elon Musk is the biggest shareholder in Twitter

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He further said that if Twitter does not take his proposal into consideration, he'll have to reevaluate his position as a shareholder.

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"This is my best and final offer, and if it isn't accepted, I will have to reevaluate my position as a shareholder."

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The Tesla CEO has been in the news a lot lately because of his social media posts, some of which have sparked debates.

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Musk, the world's richest man, has more than 80 million Twitter followers.

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Twitter Board to carefully review Musk's bid, says Twitter

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"The Twitter BOD will carefully study the proposal to determine the course of action that is in the company's and its shareholders' best interests".

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