Elon Musk Offers to Buy Twitter 4/14/22

Carl Quintanilla and Jim Cramer begin the hour with breaking news, discussing Tesla CEO Elon Musk’s offer to buy Twitter for $54.20 a share, or about $43 billion. In a letter sent to Twitter Chairman Bret Taylor, Elon Musk wrote “My offer is my best and final offer and if it is not accepted, I would need to reconsider my position as a shareholder.” Jim Cramer went on to say that he believes that Twitter’s board has ‘no choice’ but to reject Musk’s offer. Also in the mix: Bank earnings continued with Goldman Sachs, Morgan Stanley, Citigroup and Wells Fargo all reporting results.