After buying a stake in Twitter and then flip-flopping over whether he would join the board, world’s richest man Elon Musk has offered to buy Twitter outright. In a Thursday filing to the SEC, Musk made a “best and final” offer to buy the social media platform for $54.20 a share. That amounts to about $41 billion, which Musk says is a 54% premium on the price of Twitter stock before his initial investment was made public.
It’s the latest twist in the saga between Musk and Twitter. Though Musk says his offer is final, it’s unlikely to be the last headline generated by the evolving story. Musk said that “if the deal doesn’t work,” he would need to “reconsider his position as a shareholder.”
If he Buys out Twitter then he plans to make the platform free to all sort of speech until its legal…
“I’m not saying I have all the answers here,” Musk said on Thursday. “I do think that we want to be, just very reluctant to delete things. Just very cautious with permanent bans. You know, time-outs would be better than some permanent bans.”
Musk revealed his plans for Twitter during a TED talk hours after he announced a $41 billion offer to buy the social media platform.
“I think it’s important for there to be an arena for free speech,” Musk said when asked why he’s trying to buy the company. “Twitter has become the kind of de facto town square. It’s just really important that people have the reality and the perception that they are able to speak freely within the bounds of the law.”