Your Page!

Musk says he believes in the potential of Twitter and that the social media company needs to be transformed.

Your Page!

Now the world's richest person is offering to buy the company for $43 billion $54.20 per share in cash, according to a regulatory filing posted Wednesday

Your Page!

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 said in the filing.

Your Page!

"Twitter has extraordinary potential. I will unlock it," Musk added.

Your Page!

Musk's offer of $54.20 per share is 38% more than the value of Twitter stock

Your Page!

The day before his investment was publicly announced and it's 18.2% higher than Wednesday's closing price

Your Page!

Earlier this week, a Twitter shareholder filed a securities fraud lawsuit against Musk

Your Page!

Alleging his late disclosure of his stake in Twitter cost investors money and saved Musk around $143 million.

Your Page!

In a statement, the company said its board will carefully review the proposal to determine the course of action that it believes is in 

Your Page!

The best interest of the Company and all Twitter stockholders