<p>Elon Musk has made a cash offer to buy Twitter for $54.20 per share, in his latest play for the social media giant. </p> <p>The Tesla billionaire said on Thursday in a letter to the chairman of Twitter's board Bret Taylor, disclosed via <a href="https://www.sec.gov/Archives/edgar/data/0001418091/000110465922045641/tm2212748d1_sc13da.htm">a filing</a>, that if the offer is not accepted he would "need to consider [his] position as a shareholder."</p> <p>The price is a 54% premium over the day before he began investing in Twitter and a 38% premium over the day before his investment was publicly announced, he said in the note. </p> <p>The offer is worth $41.4 billion and would amount to a take private. </p> <p>"I'm not playing a back-and-forth game," wrote Musk. "I have moved straight to the end."</p> <p>Twitter will review what's on the table with advice from Goldman Sachs and law firm Wilson Sonsini Goodrich &amp; Rosati, according to a report by Reuters. </p> <p>The move comes following a week of flip-flopping on his official position at the company. <a href="https://www.theblockcrypto.com/linked/141437/elon-musk-reverses-decision-to-join-twitters-board">Earlier this week,</a> Musk said he would not be joining Twitter's board, a move that would have prevented him from increasing his stake in the social media firm beyond 14.9%. </p> <p>The news came five days after Twitter CEO Parag Agrawal <a href="https://www.theblockcrypto.com/linked/140610/elon-musk-joins-twitters-board-of-directors-after-becoming-largest-shareholder">said</a> Musk was joining Twitter's board, following the billionaire's purchase of <a href="https://www.theblockcrypto.com/linked/140426/elon-musk-has-taken-a-9-2-stake-in-twitter">a 9.2% stake</a> in the company.</p> <p>Musk's appointment was subject to a "background check and formal acceptance" on April 9, but Musk informed Twitter of his decision on the same day.</p> <p>He remains the biggest shareholder of Twitter and Agrawal said the company will remain open to Musk's input.</p> <p>Twitter's share price was up around 11.6% in pre-market trade on Thursday, according to data <a href="https://www.marketwatch.com/investing/stock/twtr">provided by MarketWatch</a>.</p>