The Twitter and Elon Musk brouhaha continues — Elon Musk has offered a mouth watering deal to Twitter.
The billionaire is filing with the U.S. Securities and Exchange Commission. The business Mogul has said he is willing to pay $54.20 per share to buy 100% of the company. It would be an all-cash deal that values the social network of a whooping $43.4 billion.
Twitter today has confirmed that their outfit has received non-binding proposal from Elon Musk to acquire all of the Company’s outstanding common stock for $54.20 per share in cash.
Twitter CEO Parag Agrawal has initially announced that nobody on the board will be allowed to owned any higher percentage. A percentage not more than 14.9%. So therefore, the directors of the board will review Elon Musk proposal to determine the next course of action.