In a speech with the SEC, Elon Musk offers to buy Twitter for $43 billions in a filling that the deal will be good for free speech.
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
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Musk plans to take Twitter private.
Twitter has extra ordinary potential, I will unlock it.
- Musk
Musk made a "best and final offer" for $54.20 per share in cash (there's that 4.20 ref again), a premium of 54 percent over the January 28th closing price. Twitter's shares shot up 18 percent on the news. Musk implied that if the offer is rejected, he may dump some or all of his current position.
I am offering to buy 100 percent of Twitter for $54.20 per share in cash, a 54 percent premium over the day before I began investing in Twitter and a 38 percent premium over the day before my investment was publicly announced," Musk said in the filing. "My offer is my best and final offer.
- Elon Musk
The Tesla CEO, Elon Musk sent this offer as a letter to Twitter on Wednesday night, according to the filing.