Elon Musk's best and last bid to buy 100% of Twitter

Just two weeks ago, Elon Musk revealed that he had acquired a 9.2 percent share in Twitter, making him the firm's most prominent individual owner.

Musk has offered to buy a 100 percent stake in the social media company.

According to an SEC filing in the United States, Elon Musk, who recently turned down Twitter's invitation to join its board of directors, has reportedly made an offer to acquire the whole firm for $54.2 per share.

Musk believes that Twitter has to be made private to flourish.

"My offer is my best and final offer," 

Elon, one of America's most controversial billionaires, added.

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To Twitter Chairman Bret Taylor, Musk wrote in a letter: 

"I am offering to buy 100% of Twitter for $54.20 per share in cash, a 54 percent premium over the day before I began investing in Twitter and a 38 percent premium over the day before my investment was publicly announced,"

To Twitter Chairman Bret Taylor, Musk wrote in a letter: 

He said, "It's my best and last offer," which would necessitate a reassessment of his stake in the company if it isn't taken up.

earlier, the microblogging platform said:

"Twitter Confirms Receipt of Unsolicited, Non-Binding Proposal from Elon Musk. 
Twitter Inc has confirmed it has received an unsolicited, non-binding proposal from Elon Musk to acquire all of its outstanding common stock for $54.20 per share in cash. 
The Twitter Board of Directors will carefully review the proposal to determine the course of action that it believes is in the company's best interest and all Twitter stockholders."

A well-known Twitter user, Elon Musk, has been outspoken about the changes he wants to see made to the social networking site. 

As a result of the disclosure of his holdings, which made him the firm's biggest individual shareholder, the company gave him a seat on the board.

It was not long before Musk started asking for input from Twitter users on anything from making the company's headquarters a homeless shelter to introducing an edit button to tweets and giving premium members instant verification marks.

One tweet stated that Twitter was on its way out, citing the fact that many famous people with significant followings don't use the service.