Thursday, April 14, 2022

Elon Musk Offers to Buy 100% of Twitter to Rescue it as a Free Speech Platform

Pool via Getty Images

Elon Musk has made a “best and final offer” to purchase 100% of Twitter in order to rescue the social media giant as a “platform for free speech around the globe.”

In an updated filing, Musk has offered to purchase Twitter for $54.20 per share in cash, an amount that puts the value of the company at around $43 billion.

Musk asserted in the filing that if the offer was declined he would “reconsider my position as a shareholder,” meaning he would dispose of his stake.

In a letter sent to Chairman of the Board Bret Taylor, Musk made clear that his intention was to rescue Twitter and return it to its original role as being an uncensored free speech platform for the world.