Elon Musk offers to buy Twitter

(Eagle News) — “I made an offer,” Elon Musk tweeted on Thursday morning, April 14.

Along with the tweet was a link to his United States Securities and Exchange Commission filing to purchase all the outstanding common stock of the Twitter. If it goes through, it would make him the sole owner of the social media giant.

According to the document filed on Wednesday, April 13, Musk offered $54.20 a share, bringing the total value of the purchase to $43.4 billion.

(Courtesy @elonmusk via Twitter)

This comes just days after Musk turned down a seat on Twitter’s board after purchasing 9.2% stake in the microblogging platform.

In the filing, Musk, the world’s wealthiest man according to Forbes, gave his reasons for wanting to buy the company.

“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,” said Musk.  “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.”

Musk is a frequent Twitter user but has been known to use this very platform to criticize it.

(Eagle News Service)