Elon Musk made an offerTwitter to be bought at $54.20 per share. This would bring the total value of the company to $43 billion.

Tesla CEO, Elon Musk, disclosed that he had made his final bid for the social media network’s public trading and took it private on Thursday. an SEC filingBret Taylor, the chairman of Twitter’s board, said that he didn’t believe in management and promised to improve company performance.

Musk stated that Twitter has “extraordinary potential”. It is my goal to unlock it.

This offer marks the end of an incredible few weeks for the richest man in the world, who had earlier this month received a staggering $17 million. nearly $3 billion for a 9.2% ownership stake, which immediately made him Twitter’s largest shareholder. Within the next 10 days, Twitter announcedMusk was expected to join the company’s board. but he changed courseHis term began on the first day.

Musk indicated Thursday that if Musk’s takeover offer is not accepted, Musk would “have to reconsider my position” as a shareholder. In a statementAccording to the company, it stated that the Twitter Board of Directors would carefully examine the proposal in order to decide the most beneficial course of action for all Twitter stockholders and the Company.

Musk’s offer to takeover is unique, Dan Ives of Wedbush tells CNBC Make It.

Ives said, “This was something never seen before in the history public markets.” Anyone who has been on Wall Street the past 100+ years knows that it’s a “Twilight Zone”.

Shares of TwitterThey have increased 17% in the past year since Musk’s initial disclosure of his 9% stake on April 4th. As different stories about Musk’s involvement in the company surfaced, they have fluctuated.

This is a brief overview of what Musk said over Twitter in the last few days and how it might turn out.

Musk is a strong critic of Twitter. suggesting that the platformHe is unable to express his opinions. He quit the board and he liked a tweetIt was suggested that Elon was asked to behave nicely and refrain from speaking freely.

Ives said that “this social media platform” and freedom to speak are his passions. He says it’s become a divisive matter. He’s now taking the initiative to try and change things.

Musk recently tweets that he plans to use his twitter account power over the companyTo oppose content moderation policies, and to remove users who violate Twitter’s guidelines.

Musk publicly called for several platform changes over the past week-and-a-half, which included the addition of an edit button and the ability for users who subscribe to Twitter Blue to pay with dogecoin.

Musk hasn’t yet created a master plan, though he said that he will bring Twitter “…”significant improvementsTo the platform.

CNBC’s Jim Cramer saidThe board is forced to refuse the proposal and stand up for shareholders. Don Bilson of Gordon Haskett Research Advisors said the likelihood that the board will accept the proposal is slim. CNBC reports.

Bilson instead said Musk is just “fooling smoke.” Bilson adds, “The board would be accused being ‘high’ for selling the stock at $54.20 when it was worth around $70.”

Wedbush’s Ives meanwhile says it is difficult for the board not to accept the stock price premium. He said that rejecting the offer would “cut in half” the stock.

Musk is too much of a person to reject a proposal. Ives asserts that the board has a fiduciary obligation as a board and public company. If that were to happen, then the board might be eating lawsuits for breakfast.

Billionaire Dallas Mavericks owner Mark Cuban speculated on his own Twitter feedMusk that they “will do all possible to not sell to” the company and instead will seek “a friendly to enter and purchase Elon’s shares, and get him out.”