Elon Musk in hostile bid for Twitter at £43bn valuation

Tesla boss says he can find financing for offer but concedes he is not sure it will succeed

Twitter has adopted a strategy used to prevent hostile takeovers after Elon Musk offered to buy the company outright

Why you can trust Sky News.

Elon Musk launches hostile bid for Twitter at 43bn valuation

Tesla boss says he can find financing for offer but concedes he is not sure it will succeed.

This becomes a hostile takeover offer which is going to cost a serious amount of cash said Neil Campling head of TMT research at Mirabaud Equity Research.

April 29 Over a three-day period after Musk and Twitter reach a deal and he sells about 85 billion worth in Tesla stock to help finance the bid..