Tesla CEO Elon Musk is offering to buy Twitter.

Twitter Inc. said in a regulatory filing Thursday that Musk provided a letter to the company Wednesday with a proposal to buy the remaining shares.

He’s offering $54.20 per share in cash.2

Musk’s wealth hovers around $260 billion, according to Bloomberg.

Twitter's current market cap value of $36.7 billion.

Musk’s offer values Twitter at about $43 billion, according to CNBC.

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