Elon Musk, the world’s richest man, shocked the world on Thursday morning when he officiallly offered to buy social media giant Twitter and take it private for a jaw-dropping $43 billion dollars.
As CNBC reports:
Elon Musk offered to buy Twitter for $54.20 a share in a filing published Thursday, saying the social media company needs to be transformed privately, a little over a week after first revealing a 9.2% stake in the company. Musk’s offer values Twitter at about $43 billion.
“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 wrote in a letter sent to Twitter Chairman Bret Taylor and disclosed in a securities filing.
According to Musk, the social media company needs to go private because it can “neither thrive nor serve” free speech in its current state.
“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,” he wrote. “My offer is my best and final offer and if it is not accepted, I would need to reconsider my position as a shareholder.”
The company responded by claiming that the offer would be carefully reviewed by its Board of Directors.
Speculation about whether the company would accept the author or not immediately broke out on social media and cable news, with one prominent analyst, Gene Munster, telling CNBC he believes ‘this probably does happen’:
What is not to love about this man—like a real American v/s a communist troll. GRVN
Elon Musk certainly gives pause and causes terror in the black heart of every extreme left marxist!
😄😂🤣 HAHAHAHAHAHAHAHAHAHA😄😂🤣
I do believe he has them by the short hairs. They either accept his offer, or he bails and the stock becomes worthless.
When you have them by the short hairs, their minds and hearts usually follow.
Hope sucessfuly…
Sell , Sell , Sell and He can eliminate some of the Twitts in My world . GO ELON .
We The People would really appreciate having that First Amendment Free Speech platform, Mr. Musk, and be eternally grateful for it. I may even finally get on board Twitter.
Outstanding Elon!!!
The snowflakes of Twitter mostly foreign born socialists who believe they have a right ot were give the power by a previous President(obamy) to help the socialist/marxist movement.
YES! I hope Musk takes over. This is what our country needs. It would be a huge step towards our first amendment right to free speech not to mention fair elections.
“He did it. The crazy son of a b**** actually did it.”-Jeff Goldblum, JURASSIC PARK.
I bet Parag Agarwal is crapping his elitist, free speech-hating pants right now.
Yes, buy Twitter and take it private!!!
This is exactly what we need. Every country should have free speech capability. I would think only exception being those that incite violence.
As my Father always told me a kid “Sticks and Stones will hurt your skin but words will never hurt you” Lets hope we can get back to that. If you don’t like what someone say’s ignore it!!!!
I hope Musk wins this.
I Sure Hope So! Twitter & also FB were two of the biggest reasons the last election turned out the way it did! Neither of them are a platform for Free Speech unless your ideas align with theirs! They are both pathetic & a BIG FAT JOKE right now!!! Elon Musk is the only one with enough money to truly fight for free speech around the world!! I am SO SICK OF THEIR MARXIST IDEOLOGY —Everything for me & nothing for thee!!!
Twitter has become the media for mental cases expressing dangerous anti-American ideas. I support any effort of Elon Musk to transform Twitter to be a suitable medium to pass along fact-based, data-driven messages rather than the currently viewable hatred-tinged messages of nuts.
THERE WILL BE DEFINITE MANY PROBLEMS!!!!!! ESPECIALLY IF MUSK WANTS TO BRING BACK “FREEDOM OF SPEACH” THIS IS ONE THING THE DEMS/FRAUDS ARE AFRAID OF!!!!!!! PEOPLE FINDING OUT THE TRUTH…….IS A DEATH SENTENCE TO THEM????????? THEY WOULD NOT BE IN CONTROL….IF THEY CAN’T CHEAT!!!!!!!!!
Good riddance to the leftists inside Twitter than Hooray. Yes he can do IT
Narrow minded”experts” again
Break up Twitter
To bad Vanguard stepped in and out priced him.
Why would the company not just ignore the offer and let Mr. Musk wallow in his 9.2% stake until he went away? Lot of (crazy) profit to be given up, sure, but you are already making millions anyway. Keeping the company in it’s present state,allows you to maintain your primary purpose of a socialist-democrat, thought-controlling, propaganda machine – and be rich. A real quandary for greedy. evil people.