Musk offers to buy 100% of Twitter! See details of takeover bid

Tesla CEO Elon Musk did precisely what many have not only speculated about but hoped for after the world’s richest man became Twitter’s largest shareholder, he made an offer on Wednesday to buy the social media giant.

The billionaire offered to buy Twitter for $41.3 billion, according to the Daily Mail, which cited regulatory filings, justifying the move in a letter to Bret Taylor, the Chairman of the Board, by saying his current 9.2 percent stake in the company is “simply not a good investment without the changes that need to be made.”

To that point, shares of Twitter jumped nearly 12 percent before Thursday’s market open.

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