Elon Musk has made an offer to buy “100 percent of Twitter” for around $43 billion, according to a regulatory filing, with the tech mogul saying he wants to actualize the company’s “extraordinary potential” to become a true platform for free speech.
Musk offered to buy out Twitter for $54.20 per share in cash, according to a letter addressed to Twitter Chairman Bret Taylor, attached as an exhibit to a filing with the Securities and Exchange Commission (SEC) on April 14 (pdf).
“Twitter has extraordinary potential. I will unlock it,” Musk wrote.
The move amounts to an offer to transform Twitter into a private company, effectively giving Musk control of how it’s run.
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