Sophie Mann, Just the News: Elon Musk offers to buy Twitter
Billionaire entrepreneur Elon Musk has offered to buy all of Twitter at a price that values the social media platform at more than $43 billion. Musk called the offer his "best and final," and said if it was not accepted he would have to "reconsider my position as a shareholder."
He made the filing in a regulatory filing Thursday.
"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," wrote the Tesla CEO in a letter to the company's board chair.
"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," said Musk.
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