Elon Musk Wants To Acquire Twitter

Elon Musk offered to buy Twitter And Take It Private

Billionaire Elon Musk has offered to buy Twitter, take the company private and build it into a platform for “free speech,”

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It Comes days after the Musk purchased around 9% of the company and then turned down an offer to join its board.

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Musk says he is offering to buy 100% of Twitter at $54.20 per share in an all cash transaction and then take it private.

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The offer price also includes the number 420, widely recognized as a coded reference to marijuana.

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He also picked $420 as the share price for possibly taking Tesla private in 2018, a move that brought him scrutiny from the SEC.

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Musk announced the offer in a filing with the U.S. Securities and Exchange Commission on Thursday.

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In a letter to Twitter’s board, Musk said he believes Twitter “will neither thrive nor serve [its free speech] societal imperative in its current form."

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He added that Twitter needs to be transformed as a private company.

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