Elon Musk offers to buy Twitter : NPR

Elon Musk says in an SEC submitting that he’ll supply to purchase out Twitter, shortly after changing into the corporate’s largest shareholder.

John Raoux/AP


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John Raoux/AP


Elon Musk says in an SEC submitting that he’ll supply to purchase out Twitter, shortly after changing into the corporate’s largest shareholder.

John Raoux/AP

Elon Musk is providing to purchase out Twitter for $54.20 per share in money, in line with an SEC filing posted Wednesday.

Final week, the Tesla and SpaceX CEO grew to become Twitter’s largest shareholder. He was going to join Twitter’s boardthen he wasn’t.

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.

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