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Elon Musk Offers To Buy 100% of Twitter!


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It appears President Trump and free speech advocates such as Alex Jones could be allowed back on Twitter soon.

The world’s richest man Elon Musk recently made Twitter executives’ jaws drop after he reportedly offered to buy Twitter for over $43 billion dollars.

Musk in a statement said if Twitter refuses to allow him to buy the company then he might rethink being Twitter’s largest shareholder.

If Musk was to dump all of his Twitter stock it would send Twitter’s stock price tumbling immediately

Yahoo News had these details to share:

Elon Musk is sort of becoming like billionaire activist investor Carl Icahn.

The Tesla CEO, who has a 9.2% stake in Twitter, offered to buy the social media platform for $54.20 a share on Thursday.

Here is what Musk wrote in a letter to Twitter Chairman Bret Taylor, as disclosed in a new SEC filing.

“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.

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.

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.

Twitter has extraordinary potential. I will unlock it.”

Fox News got the scoop too:

Tesla CEO Elon Musk offered to buy Twitter in a deal worth more than $43 billion and take the social media company private.

Musk’s best and final offer was to pay $54.20 per share for 100% of Twitter, and said that if his offer was not accepted he’d have to reconsider his position as a shareholder, according to an SEC filing.

Musk recently disclosed a 9.2% stake in Twitter, but he rejected an offer to join its board of directors and criticized the social media platform in tweets.

He wrote in the filing that he’d want to “transform” the social media platform as a private company.

“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. “However, since making my investment I now realize the company will neither thrive nor serve this societal imperative in its current form.”



 

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