From Bloomberg's "Elon Musk Launches $43 Billion Hostile Takeover of Twitter" posted early Thursday:
Elon Musk has made a “best and final” offer to buy Twitter Inc., saying the company has extraordinary potential and he will unlock it.
The world’s richest man will offer $54.20 per share in cash, representing a 54% premium over the Jan. 28 closing price and a value of about $43 billion. The social media company’s shares soared 18%.
Musk, 50, announced the offer in a filing with the U.S. Securities and Exchange Commission on Thursday. The billionaire, who also controls Tesla Inc., first disclosed a stake of about 9% on April 4. Tesla shares fell about 1.5% in pre-market trading on the news.
My take: Musk is building something. Whether he's building something that will endure remains to be seen.
Rumors and suggestions that Apple would or should buy Twitter are legion. They've come in waves over the past decade. Scrolling through them, I came across this time capsule...