Elon Musk offers to buy Twitter for $43 billion, so it can be 'transformed as private company'
2022-04-15 09:14:50 source：CNBC
April 14, 2022
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 revealing a 9.1% 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.
Twitter shares closed down 1.68% on Thursday. Tesla's stock dipped more than 3.6% on the news.
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