Skip to Content
News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View More
Elon Musk Offers to Buy Twitter (TWTR) For Cash

Elon Musk Offers to Buy Twitter (TWTR) For Cash

Nick Cawley, Senior Strategist

Twitter (TWTR) and Elon Musk Latest

  • Elon Musk offers to buy Twitter
  • Twitter shares jump 13%.
Equities Forecast
Equities Forecast
Recommended by Nick Cawley
Get Your Free Equities Forecast
Get My Guide

Tesla CEO Elon Musk has offered to buy all the remaining shares of Twitter (TWTR) that he does not own for $54.20 per share in cash, an offer he says that is ‘my final and best offer and if it is not accepted, I would need to reconsider my position as a shareholder’. Mr. Musk adds ‘Twitter has extraordinary potential. I will unlock it’.

The price offered is a 54% premium over the day before Elon Musk began investing in Twitter and a 38% premium over the day before his investment was publicly announced.

In a letter to Bret Taylor, the chairman of Twitter’s board, Mr. Musk said ‘I have invested in Twitter as I believe in its potential to be the platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy’.

Elon Musk recently bought a 9.2% passive stake in Twitter and agreed to take a seat on Twitter’s board before he increased his holding to 14.9% and declined the offer of a seat.

In pre-US trade, Twitter shares jumped to $53.50 before settling around 12% higher at $51.20. Elon Musk's offer values the social network company around $43 billion.

For all market-moving economic data and events, refer to the DailyFX calendar

What is your view on Elon Musk Offering to buy Twitter – bullish or bearish?? You can let us know via the form at the end of this piece or you can contact the author via Twitter @nickcawley1.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.