Elon Musk has offered to buy Twitter outright.
Elon Musk has offered to buy Twitter outright.
He's proposed buying 100% of the company's stock at $54.20 per share.
"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 said.
"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," he added.
"Twitter has extraordinary potential. I will unlock it," Musk said.
He's proposed buying 100% of the company's stock at $54.20 per share.
"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 said.
"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," he added.
"Twitter has extraordinary potential. I will unlock it," Musk said.
Comments