Elon Musk offers to buy Twitter for a reported $43 billion in cash

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Elon Musk offers to buy Twitter for a reported $43 billion in cash
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Tariq is the Editor-in-Chief of Space.com and joined the team in 2001, first as an intern and staff writer, and later as an editor. He covers human spaceflight, exploration and space science, as well as skywatching and entertainment. He became Space.com's Managing Editor in 2009 and Editor-in-Chief in 2019. Before joining Space.com, Tariq was a staff reporter for The Los Angeles Times covering education and city beats in La Habra, Fullerton and Huntington Beach. He is also an Eagle Scout (yes, he has the Space Exploration merit badge) and went to Space Camp four times as a kid and a fifth time as an adult. He has journalism degrees from the University of Southern California and New York University. To see his latest project, you can follow Tariq on Twitter.

Musk wrote that his offer to buy Twitter represented a 54% premium over what he paid for his initial stake, and a 385% premium over Twitter's stock price from just before his first investment was announced.

"My offer is my best and final offer and if it is not accepted, I would need to reconsider my position as a shareholder," Musk wrote in the letter."Twitter has extraordinary potential. I will unlock it." Musk is a prolific Twitter user who regularly uses the platform to share updates on SpaceX and Tesla operations, his personal thoughts on current events along with jokes, images and memes. At times, Musk's Twitter use has led to trouble, like in 2018 when the

over a tweet in August of that year in which he wrote that he had secured funding to take Tesla, a public company, private at $420 per share.According to Forbes , Musk is currently the richest person in the world and has a current net worth of about $302 billion, about a third more than his space rival Jeff Bezos, the founder of Amazon and Blue Origin, who has a net worth of about $194 billion.

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