Max Boot, who makes his living wrapped in the First Amendment (and certainly not talent or ability), has officially soiled his panties

Elon Musk tries to buy Twitter for $41BILLION: Tesla CEO offers $54.20 a share and says if his offer is not accepted ‘I would need to reconsider my position as a shareholder. Twitter has extraordinary potential. I will unlock it’

  • He provided a letter to Twitter Inc. on Wednesday containing a proposal to buy

  • The outspoken Tesla CEO currently owns more than 9 percent of Twitter’s stock

  • Shares of Twitter jumped nearly 12 percent before the market open on Thursday 

  • He said investment bank Morgan Stanley was the financial adviser for the offer

  • In a tweet with a link to SEC, the SpaceX CEO simply wrote: ‘I made an offer’ 

  • The Twitter board of directors said that it would ‘carefully review the proposal’

  • Last week, Musk backed out of an agreement to join Twitter’s board of directors 

  • Musk has amassed over 80 million followers since joining the site in 2009 

Billionaire Elon Musk has offered to buy Twitter for $41.39billion, a regulatory filing showed on Thursday.

Musk’s offer price of $54.20 per share represents a 38 percent premium to the closing price of Twitter’s stock on April 1, the last trading day before the Tesla CEO’s over 9 percent investment in the company was publicly announced.

Twitter Inc. said in a regulatory filing that Musk, who is the company’s biggest shareholder, provided a letter to the company on Wednesday that contained a proposal to buy the remaining shares of Twitter that he doesn’t already own.  Continue

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