Twitter will hold a town hall meeting with its employees at 2 p.m. Pacific time on Thursday to discuss the news of Tesla Chief Executive
Elon Musk’s offer to buy the company, a source familiar with the matter told Reuters.

Elon Musk has offered to buy 100% of Twitter in an updated filing with the Securities and Exchange Commision on Thursday. The billionaire is offering $54.20 per share in cash, or $41.39 billion, for the San Francisco-headquartered firm.

Musk’s offer price represents a 38% premium over the closing price of Twitter’s stock on April 1, the last trading day before the Tesla CEO’s 9.2% investment in the company was made public.

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