Elon Musk is providing to purchase out Twitter for $54.20 per share in money, in line with an SEC filing posted Wednesday.
Now Musk says he believes within the potential of Twitter and says it must be reworked.
“My supply is my greatest and closing supply and if it’s not accepted, I would want to rethink my place as a shareholder. Twitter has extraordinary potential. I’ll unlock it,” Musk mentioned within the submitting.
“I invested in Twitter as I consider in its potential to be the platform totally free speech across the globe, and I consider free speech is a societal crucial for a functioning democracy,” Musk mentioned.
Twitter inventory was up greater than 10% in pre-market buying and selling Thursday.