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Elon Musk offers to buy Twitter: NPR


Elon Musk said in a filing with the SEC that he would offer to buy Twitter shortly after becoming the company’s largest shareholder.

Jean Raoux/AP


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Jean Raoux/AP

Elon Musk offers to buy Twitter: NPR

Elon Musk said in a filing with the SEC that he would offer to buy Twitter shortly after becoming the company’s largest shareholder.

Jean Raoux/AP

Elon Musk is offering to buy Twitter for $54.20 per share in cash, according to an SEC filing released Wednesday.

Last week, the CEO of Tesla and SpaceX became Twitter’s largest shareholder. He was going to join Twitter’s board – so he didn’t.

Now Musk says he believes in the potential of Twitter and says it needs to be transformed.

“My offer is my best and final offer and if not accepted, I will have to reconsider my position as a shareholder. Twitter has tremendous potential. I will unlock it,” Musk said in the filing.

“I invested in Twitter because I believe in its potential to be the platform for free speech around the world, and I believe that free speech is a societal imperative for a functioning democracy” , Musk said.

Twitter stock rose more than 10% in premarket trading on Thursday.


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