Elon Musk offers to buy Twitter: Know more!

  • Elon Musk has made an audacious proposal to buy Twitter for more than $40 billion in order to unleash its "amazing potential" for promoting free expression and democracy around the world.

  • He was then given a position on the board of the social media firm, but declined due to a last-minute twist.

  • On hearing about the offer, Twitter's stock rose 11% to $50.90 in pre-market trade on Thursday.

  • Musk, who is worth an estimated $274 billion, is one of the few persons with enough cash on hand to bankroll a private purchase of Twitter.

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