Twitter stock: Elon Musk could be the saviour it needs right now

Elon Musk’s offer for Twitter stock looks increasingly like a done deal. The best option for shareholders may be to take the money and run, says Rupert Hargreaves.

Elon Musk
Musk said his bid of $54.20 for Twitter stock was his "best and final offer"
(Image credit: © Britta Pedersen-Pool/Getty Images)

It looks as if Elon Musk and Twitter’s (NYSE: TWTR) board of directors are close to reaching a deal.

The billionaire investor and CEO of Tesla announced an offer of $54.20 for Twitter stock, which he later called his “best and final” bid for the company.

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Rupert Hargreaves
Contributor and former deputy digital editor of MoneyWeek

Rupert is the former deputy digital editor of MoneyWeek. He's an active investor and has always been fascinated by the world of business and investing. His style has been heavily influenced by US investors Warren Buffett and Philip Carret. He is always looking for high-quality growth opportunities trading at a reasonable price, preferring cash generative businesses with strong balance sheets over blue-sky growth stocks.

Rupert has written for many UK and international publications including the Motley Fool, Gurufocus and ValueWalk, aimed at a range of readers; from the first timers to experienced high-net-worth individuals. Rupert has also founded and managed several businesses, including the New York-based hedge fund newsletter, Hidden Value Stocks. He has written over 20 ebooks and appeared as an expert commentator on the BBC World Service.