from The Salty Cracker:

ELON MUSK LAUNCHES HOSTILE TAKE OVER OF TWITTER

VIDEO:

Elon Musk has made a public offer to buy 100 percent of Twitter stock and transform it into a private company, in what the billionaire SpaceX and Tesla CEO says will unlock the company’s potential to be “the platform for free speech around the globe.”

Musk, who became Twitter’s largest shareholder with a 9.2 percent purchase of shares over the last few months, made a public offer to buy 100 percent of the company at $54.20 a share, an 18 percent premium over Twitter’s closing price yesterday.

At Musk’s quoted price, the proposed purchase of Twitter would come to $43 billion in total.

In his publicly disclosed communication to the chairman of Twitter’s board, which can be read in full here, Musk said promoting free speech around the world was the motivation behind his offer.

Musk said he did not believe Twitter could reach its potential for free speech as a publicly owned company, saying “Twitter needs to be transformed as a private company.”

Via Seeking Alpha:

Bret Taylor

Chairman of the Board,

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.

However, since making my investment I now realize the company will neither thrive nor serve this societal imperative in its current form. Twitter needs to be transformed as a private company.

As a result, I am offering to buy 100% of Twitter for $54.20 per share in cash, a 54% premium over the day before I began investing in Twitter and a 38% premium over the day before my investment was publicly announced. My offer is my best and final offer and if it is not accepted, I would need to reconsider my position as a shareholder.

Twitter has extraordinary potential. I will unlock it.

/s/ Elon Musk
Elon Musk

https://www.bitchute.com/video/FTzd6pIwV9D7/