Elon Musk might succeed in his efforts to take Twitter private after all. Musk, the world’s richest person, detailed his financing plans for Twitter on Thursday. Soon after he filed his financing options, Twitter’s board began seriously considering his offer to take the company private.
In an unsolicited bid to take Twitter private, Musk valued the micro-blogging platform at $43B and offered to pay $54.20 for each share. Twitter was trading at $48.93 per share at the end of trading on Nasdaq on Friday. In a new securities filing last week, Musk revealed he has received commitments for $46.5B to finance his potential bid for the platform.