Elon Musk Offers $43 Billion to Buy 100% of Twitter

Elon Musk assures that Twitter needs to become a “private company” since in his opinion, it can “neither prosper nor serve” freedom of expression in its current state.

The founder of Tesla, the billionaire Elon Musk, has launched an offer to buy the social network Twitter for 43,000 million dollars (about 40,000 million euros), according to a letter sent to the company’s board of directors published by various media.

According to said letter, published by both CNBC and Bloomberg, Musk, considered the richest man in the world, has offered 54.20 dollars per share in cash, which represents a premium of 54% over the closing price of last January 28, the day before starting to invest in Twitter.

Likewise, he represents a premium of 38% with respect to the share price one day before his investment in the social network was publicly announced.

In the pre-opening of the Wall Street market, the shares of the social network soar this Thursday more than 12%.

“My offer is my best and final offer and if it is not accepted, I would have to reconsider my position as a shareholder,” he warns.

In the aforementioned letter, Musk assures that Twitter needs to become a “private company” since in his opinion, it can “neither prosper nor serve” freedom of expression in its current state.

Musk says he believes in the company’s potential to be the platform for free speech around the world. “I believe that freedom of expression is a social imperative for the functioning of democracy,” he concludes.

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Summary

Elon Musk assures that Twitter needs to become a "private company" since in his opinion, it can "neither prosper nor serve" freedom of expression in its current state.

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