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Musk offers to buy Twitter for $43 billion
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Musk offers to buy Twitter for $43 billion

Elon Musk is currently Twitter’s biggest shareholder. Musk has criticized the platform of ‘not living up to free speech principles’.

Where: United States

The Facts

Tesla CEO Elon Musk, who is currently the biggest shareholder of Twitter, has offered to buy all remaining shares at a rate of $54.20 per share, valuing the deal at over $43 billion.
The proposition, which outstrips the company’s current share value of $46.83, has been received by Twitter and is currently under consideration as to whether the sale is in the best interests of the shareholders or whether it will continue as a publicly-traded entity.
Within the SEC filing, Musk refers to the offer as his final offer, stating, “I am not playing the back-and-forth game.”
As of yet, it is still unclear as to exactly how the Tesla CEO plans to finance the $43 billion deal were it to go through.
In line with his recent criticism of Twitter for allegedly not living up to free speech principles, he elaborated on his motivation for the offer in the filing, stating, “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.”

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