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Billionaire Elon Musk Offers To Buy Twitter

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Tesla boss Elon Musk has offered to buy social media platform Twitter.

Elon Musk said he is the right person to “unlock” all the “extraordinary potential” of the social media platform.

Elon Musk said he would pay $54.20 per share for Twitter in the surprise announcement, but he also said he would buy the company for around $40 billion.

Recently, he emerged as Twitter’s biggest shareholder after building a large company stake.

“I need to reconsider my position as a shareholder,” Musk says if they don’t accept his offer.

Elon Musk

A document with the US financial regulator shows text and voice messages from Musk to the Twitter board—which says he raised the idea last weekend to make the business become private.

Musk refused to join the Twitter board.

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Twitter reacts to Elon Musk’s bid to take over company

They had invited Musk to join the board, but Twitter announced on Sunday that there was no agreement.

Musk says he is not interested in “the back-and-forth game” and that his offer is “the high price and your shareholders would love it.”

If the deal falls through, I’m going to sell my stock.

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“This is not a threat. Simply, it is not a good investment without the changes that are necessary, “he adds.

In a document filed with the US Securities and Exchange Commission, Musk stated that he was invested in Twitter because he believes in the potential to be a platform for free speech around the world, and he believes free speech is something society requires for a functioning democracy”.

“However, since making my investment, I now realize that the company will either grow or serve the societal importance it currently has.

Twitter needs to be transformed as a private company.

Twitter has extraordinary potentials. I’m going to unlock them.” He wrote on twitter

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