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Elon Musk says he’ll pay over $40bn to buy Twitter

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thefader.com

Elon Musk has confirmed his interest in becoming the outright owner of Twitter and says he has submitted a bid to purchase the social media company.

Musk says he feels he can unlock the "extraordinary potential" of Twitter, which he bought a 9.2% stake in just 10 days ago.

Musk, the world's richest man through his business interests in Tesla and SpaceX, used Twitter to share a link to a regulatory filing on Thursday, confirming that he had launched a takeover bid.

In the US Securities and Exchange Commission filing Musk states that he has offered to but all Twitter’s shares for $54.20 each – a total of $41.4bn.

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