By midday, shares of the social network were up 5.3% at $51.50 a share, their highest level since November.
In mid-April, Musk proposed to take over the entire firm at $54.20 per share and withdraw the platform from the New York Stock Exchange. If the offer is accepted, Twitter’s valuation would rise to $43 billion, up from $38.5 billion today.
Musk said last week that he had raised $46.5 billion to make the purchase, thanks to two bank loans from Morgan Stanley and also thanks to his personal fortune.
Musk already owns more than 9% of the titles of Twitter, a social network in which he is very active, but where he denounces the existence of problems of freedom of expression that, as he has said, he wants to solve.
With information from EFE and AFP.