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.

More to follow...