Elon Musk Offers to Buy Twitter

Billionaire Elon Musk has a big offer for Twitter.

Musk has proposed paying $54.20 for each share of the influential social media company, an offer that values Twitter at $43 billion. The entrepreneur, who heads Tesla, SpaceX and other companies, already owns 9.2% of Twitter.

“I now realize the company will neither thrive nor serve [its] societal imperative in its current form,” Musk wrote in a letter to Bret Taylor, chairman of Twitter’s board of directors. “Twitter has extraordinary potential. I will unlock it.”

In his letter to Taylor, Musk said he invested in Twitter because he believes “in its potential to be the platform for free speech around the globe.” To accomplish his goal, Musk thinks the public company needs to go private.

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