Elon Musk Offers To Buy 100% Of Twitter
Huff PostLOADING ERROR LOADING Billionaire Elon Musk offered to buy 100% of Twitter for $54.20 per share in cash to take the company private, according to a Securities and Exchange Commission filing he released Thursday. I made an offer https://t.co/VvreuPMeLu — Elon Musk April 14, 2022 At a TED event later on Thursday, Musk acknowledged that he is “not sure” he’ll actually be able to acquire the company, but he made the offer because he believes “it’s very important for there to be an inclusive arena for free speech.” He suggested the website should have an open-source algorithm and make any changes to people’s tweets — promotions, demotions, and edits to a tweet after publishing — visible to users. Musk, who currently owns about 9% of Twitter and is the company’s biggest shareholder, said Twitter needs to be “transformed 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 is quoted as saying in the filing. pic.twitter.com/lfrXACavvk — Parag Agrawal April 11, 2022 Musk had been appointed to Twitter’s board earlier, “contingent on a background check and formal acceptance,” according to Agrawal.