Elon Musk has made an offer to buy Twitter with a bid that values the company at $43.4bn, vowing to “unlock” the potential of the social media platform by taking it private.
Musk’s offer of $54.20 a share comes days after he took a 9 per cent stake in the company, becoming its largest shareholder but rejecting an invitation to join its board.
The move would transform the tech entrepreneur into a new media baron, able to set the future direction of a platform where he has 80m followers and through which he has pursued personal vendettas and promoted his agenda.
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