Elon Musk Makes 'Best and Final' $41.4 Billion Cash Offer to Take Twitter (TWTR) Private, Shares Surge 12%

SpaceX and Tesla (NASDAQ: TSLA) CEO Elon Musk has made an offer to acquire 100% of Twitter (NYSE: TWTR), according to an updated 13D filing.

Musk has offered to pay $54.20 per share in cash to acquire 100% control of the social media company. The offer, which values Twitter at $41.39 billion, represents “a 54% premium over the day before I began investing in Twitter and a 38% premium over the day before my investment was publicly announced.” Musk said in a letter.

He added that this is his final and best offer. If not accepted, “I would need to reconsider my position as a shareholder.”

“Twitter has extraordinary potential. I will unlock it,” he concluded.

Adam Crisafulli’s Vital Knowledge hinted that Musk may be “trying to exit his stake by making a "best and final" bid that's probably too low (at $54.20) for the TWTR board to accept.”

At the time of writing, Twitter stock price is up roughly 12% in pre-market Thursday.

By Senad Karaahmetovic

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