As the sun rose on the East coast this morning, an SEC filing revealed that Elon Musk has offered to buy 100 percent of Twitter at a price of $54.20 per share. This unsolicited offer would total approximately $43.4 billion — about 18 percent higher than the company’s market cap at close on Wednesday. It’s also about 26 percent less than the stock’s high point over the last year, at $73.34.
“Twitter has extraordinary potential,” Musk wrote in a letter to Bret Taylor, chair of the Twitter board. “I will unlock it.”
