Elon Musk Offers to Buy Twitter for $41.3B to Take Company Private

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.Tesla CEO elonmusk offered to buy Twitter for $54.20 a share. By sheldonreback

Musk plans to take the company private in order to"go through the changes that need to be made," he wrote in a text to Twitter Chairman Bret Taylor replicated in the filing.for failing to adhere to principles of free speech, saying that it serves as"de facto town square" and this failure therefore undermines democracy.

"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," Musk stated.

 

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Elon Musk, Again an Outsider at Twitter, Emerges as Unshackled Wild Card for CompanyThe Tesla CEO’s surprise decision not to join Twitter’s board gives the company less control over its largest shareholder, paving the way for him to press for changes and speak out freely as an activist investor.
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