Elon Musk has offered to buy Twitter for about 41 billion USD and said that the platform needs to go private to thrive and serve free speech, days after rejecting a seat on Twitter’s board.
Musk offered to buy 100% of Twitter for 54.20 USD per share, a 54% premium over the day he began investing in Twitter and a 38% premium before he publicly announced his investment.
“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…Twitter has extraordinary potential. I will unlock it,” Musk wrote in a letter sent to Twitter Chairman Bret Taylor on April 13.
Musk also said that Twitter needs to be transformed into a private company and that the bid would be his best and final offer.
Musk said that if his offer will be rejected, he would reconsider his position as a shareholder.
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