Tesla’s CEO Elon Musk offered to buy all of Twitter at the whopping price of over $43 billion. Musk called the offer his “best and final,” and said if it wasn’t accepted he would have to reconsider his position as a shareholder. As previously reported by Human Events News, last week, Musk bought a 9.2 […]
Tesla’s CEO Elon Musk offered to buy all of Twitter at the whopping price of over $43 billion.
Musk called the offer his “best and final,” and said if it wasn’t accepted he would have to reconsider his position as a shareholder.
As previously reported by Human Events News, last week, Musk bought a 9.2 percent stake in the company, making him its largest shareholder.
Musk made the offer in a regulatory filing on Thursday.
“I invested in Twitter as I believe in its potential to be the platform for free speech around the globe, and I believe free speech is a societal imperative for a functioning democracy,” Musk wrote in a letter to Twitter’s board chair.
“However, since making my investment I now realize the company will neither thrive nor serve this societal imperative in its current form. Twitter needs to be transformed as a private company,” he continued.
“As a result, I am offering to buy 100% of Twitter for $54.20 per share in cash, a 54% premium over the day before I began investing in Twitter and a 38% premium over the day before my investment was publicly announced. My offer is my best and final offer and if it is not accepted, I would need to reconsider my position as a shareholder,” he wrote.
“Twitter has extraordinary potential,” he added. “I will unlock it.”
