Elon Musk offered to buy Twitter for $54.20 a share in cash, or about $43 billion, Axios reports.
Said Musk: “I am not playing the back-and-forth game. I have moved straight to the end. It’s a high price and your shareholders will love it.”
He added: “If the deal doesn’t work, given that I don’t have confidence in management nor do I believe I can drive the necessary change in the public market, I would need to reconsider my position as a shareholder.”
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