Technology

Elon Musk Offers To Buy 100% Of Twitter

In this file photo taken on February 10, 2022, Elon Musk speaks during a press conference at SpaceX’s Starbase facility near Boca Chica Village in South Texas. 
JIM WATSON / AFP

Tesla chief Elon Musk has launched a hostile takeover bid for Twitter, offering to buy 100 percent of its stock and take it private, according to a stock exchange filing.

Musk offered $54.20 a share, a 54 percent premium over the January 28 closing price, in a filing dated Wednesday April 13 with the Securities and Exchange Commission.

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