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Benzinga
Benzinga
Business
Shanthi Rexaline

Elon Musk Approaches Twitter Board With A Buyout Offer, Wants To Take It Private: All You Need To Know

Elon Musk Parag Agrawal Nasdaq NYSE Twitter Inc.

After staying away from the spotlight for about a week, Tesla, Inc. (NASDAQ:TSLA) CEO Elon Musk is back with a bang.

What Happened: Musk has made a non-binding proposal to buy all outstanding shares of Twitter, Inc. (NYSE:TWTR) for $54.20 per share, an amended 13D report filed with the SEC showed. This would represent a 38% premium over the stock price that was prevailing the day before Musk disclosed his passive stake in Twitter.

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