Tech mogul and Tesla CEO Elon Musk has offered to take over Twitter for $43 billion USD. Musk made the announcement on the social media platform which he has criticized for not living up to free speech principles. He explained that the platform should be transformed as a private company.
Musk is currently the largest shareholder in the company and he proposed to make another offer for more shares. The deal would be more than $43 billion US at $54.20 US per share. Musk described the deal as his best and final offer, and he provided no details on financing. The deal is non-binding and subject to financing and other conditions.
Musk said “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 never thrive nor serve societal imperative in its current form. Twitter needs to be transformed as a private company.”
For more information about the source click HERE