Elon Musk’s bid to buy Twitter, once thought of as a long shot, has now been accepted.
Musk offered $54.20 per share for Twitter and outlined his plan to secure $46.5 billion to finance his deal. Twitter’s shares spiked Monday morning on reports that the company could be nearing a deal with Musk.
So why does the world’s richest person, who already leads electric-car company Tesla and aerospace company SpaceX, want to buy the social media company?
Here’s what he’s said about his plan and how fast he could change things.