Elon Musk offers to buy Twitter for over $40 Billion

Elon Musk bought a 9.2 percent stake in Twitter. Now, the executive wants to buy the entire company for $41 billion so that he can transform it into a private company.

International media reports said Elon Must wants to build Twitter into a platform for “free speech. This comes days after the billionaire purchased around 9% of the company and then turned down an offer to join its board.

According to a filing made to the US Securities and Exchange Commission Wednesday, Musk has offered to buy 100% of Twitter at $54.20 per share in an all-cash transaction and then take it private. Musk noted that he believes in Twitter’s potential to become a free speech platform and serve as a key “societal imperative,” reported Forbes report.

The Tesla CEO said he is making the current offer after realizing that the company will “neither thrive nor serve this societal imperative in its current form,” arguing that it needs to be taken private.

Musk added that his offer of $54.20 per share is his “best and final offer” and if it is not accepted he will need to “reconsider” his position as the company’s largest shareholder.

The price of Twitter’s stock stood at around $51.41 during pre-market trade early on Thursday. Elon Musk’s personal net worth is $265 billion.

Elon Musk wrote the following in part in a message to Twitter board chair Bret Taylor, according to the same report:

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, a 54% premium over the day before I began investing in Twitter and a 38% premium over the day before my investment was publicly announced. My offer is my best and final offer and if it is not accepted, I would need to reconsider my position as a shareholder.

Twitter has extraordinary potential.  I will unlock it.

I can’t begin to tell you how much I hope this happens. It’s not just that I want Elon Musk to take over Twitter. It’s that we need Elon Musk to take over Twitter.

The social media platform went from being fun and interesting years ago to being nothing more than a cesspool of censorship and garbage.

Look no further than Tucker Carlson getting censored for stating basic biological facts to understand how hard and fast Twitter has fallen.

Now, the Tesla genius has the opportunity to take complete control, and make Twitter a platform that honors the ideas of free speech and diversity of thought.

He can make a place where stating basic facts doesn’t get you banned.