Elon Musk offers to buy Twitter : NPR

Elon Musk says in an SEC submitting that he’ll supply to purchase out Twitter, shortly after turning into the corporate’s largest shareholder.

John Raoux/AP

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John Raoux/AP

Elon Musk says in an SEC submitting that he’ll supply to purchase out Twitter, shortly after turning into the corporate’s largest shareholder.

John Raoux/AP

Elon Musk is providing to purchase out Twitter for $54.20 per share in money, in keeping with an SEC filing posted Wednesday.

Final week, the Tesla and SpaceX CEO turned Twitter’s largest shareholder. He was going to join Twitter’s board — then he wasn’t.

Now Musk says he believes within the potential of Twitter and says it must be reworked.

“My supply is my greatest and remaining supply and if it’s not accepted, I would wish to rethink my place as a shareholder. Twitter has extraordinary potential. I’ll unlock it,” Musk mentioned within the submitting.

“I invested in Twitter as I imagine in its potential to be the platform at no cost speech across the globe, and I imagine free speech is a societal crucial for a functioning democracy,” Musk mentioned.

Twitter inventory was up greater than 10% in pre-market buying and selling Thursday.