Twitter's statement on Elon Musk's offer to buy company

The Twitter Board of Directors will carefully review the proposal to determine the course of action that it believes is in the best interest of the company and all Twitter stockholders, Twitter said.

Twitter's board will evaluate an "unsolicited, non-binding" offer from Tesla chief Elon Musk to acquire the social media company, Twitter said on Thursday.

"The Twitter Board of Directors will carefully review the proposal to determine the course of action that it believes is in the best interest of the Company and all Twitter stockholders," Twitter said as it confirmed it received Musk's bid valuing the company at $43.4 billion.