Tesla chief Elon Musk offers to buy Twitter for 41 billion dollar

Sakshi Education

The richest man in the world, Elon Musk, Chief of Tesla, has offered to buy the social media company Twitter for a whopping 41 billion Dollar in cash. In a letter to Twitter chairman Bret Taylor, Musk said that the company needs to go private in order to see effective changes.
At present, Musk is Twitter's biggest shareholder with more than 9 percent stake in the company. He further highlighted that if Twitter does not consider his proposition then he will have to reconsider his position as the shareholder too.
Musk's latest move towards Twitter comes just days after he turned down a seat on the board following his acquisition of a 9.2 percent stake in the microblogging platform.
The Tesla chief, who has more than 80 million followers on Twitter has often been in the limelight for his tweets, some of them even leading to controversies. Musk has also faced few lawsuits and investigations for his tweets.