Technology
Elon Musk offers to buy Twitter for $43bn in hostile takeover
ELON Musk has launched a hostile takeover of Twitter.
The billionaire Tesla chief has offered to buy the social media giant for $43billion in cash, regulatory filings showed on Thursday.
The mega-bid comes days after Musk took a surprise nine per cent stake in Twitter, which has 200million active users.
Twitter CEO Parag Agrawal said that the 50-year-old would join the board before retracting the claim hours later.
Over the weekend, Musk sent out a flurry of tongue-in-cheek tweets to his 80million followers about changes he planned to make.
They included turning Twitter’s HQ into a homeless shelter and changing the company’s name to “Titter”.
He later deleted the posts.
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