Elon Musk

Elon Musk offered to buy Twitter for $54.20 a share, saying the social media company needs to be transformed privately.

My offer is my best and final offer and if it is not accepted, I would need to reconsider my position as a shareholder. "My offer is my best and final offer and if it is not accepted, I would need to reconsider my position as a shareholder." The Tesla CEO has previously criticized the social media giant publicly, polling people on Twitter last month about whether the company abides by free speech principles. 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. CNBC's David Faber reported on " Squawk on the Street" that Twitter's board will meet at 10 a.m. to evaluate the bid, per people familiar. "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 wrote in a letter sent to Twitter Chairman Bret Taylor and disclosed in a securities filing.

The world's richest person has made a “best and final” offer to buy the social media platform, saying the company has extraordinary potential he can unlock.

The offer price also includes the number 420, widely recognised as a coded reference to marijuana. The takeover is unlikely to be a drawn out process. Twitter needs to be transformed as a private company” He’s currently worth about $US260 billion according to the Bloomberg Billionaire’s Index, compared with Twitter’s market valuation of about $US37 billion. The bid is the latest saga in Musk’s volatile relationship with Twitter. The executive is one of the platform’s most-watched firebrands, often tweeting out memes and taunts to @elonmusk’s more than 80 million followers. The billionaire, who also controls Tesla, first disclosed a stake of about 9 per cent on April 4.

Elon Musk is offering to buy Twitter, just days after the Tesla CEO said he would no longer be joining the social media company's board of directors. Twitter said in a regulatory filing on Thursday that Musk, who currently owns slightly more than 9 per ...

Days after turning down a board seat, Elon Musk has made a “best and final” offer to buy Twitter and take it private for $US43 billion.

Twitter needs to be transformed as a private company” The takeover is unlikely to be a drawn-out process. Musk has hired Morgan Stanley as his adviser for the takeover. 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. The billionaire, who also controls Tesla, first disclosed a stake of about 9 per cent on April 4. Tesla shares fell about 1.5 per cent in pre-market trading on the news.

If you think Musk's $43 billion offer will unlock a bidding war, you should buy Twitter stock. Tesla shareholders should look out below because Musk might ...

In theory, Tesla could acquire Twitter. But more likely, Musk will pay for the company himself — and one way to finance that would be to sell Tesla shares — which are down 1.7% in pre-market trade. One analyst thinks that another possibility is to borrow the money. Twitter needs to be transformed as a private company,” he wrote. He threatened to sell his shares if Twitter does not accept his offer. Musk has offered to buy the rest of Twitter that he does not already own for more than $43 billion. A week ago, I argued that Elon Musk should not take Twitter private for $41 billion.

Twitter said in a regulatory filing on Thursday that Musk, who currently owns slightly more than 9 per cent of its stock and is the company's biggest ...

Elon Musk launches hostile takeover bid of Twitter · The Tesla CEO, who recently became the social media company's largest shareholder, is offering $54.20 per ...

Fred Wilson, a New York-based venture capitalist, said the platform is “too important” to be owned and controlled by a single person. The price of the takeover bid ― $54.20 per share ― may also be a veiled reference to a previous episode that landed Musk in trouble with the securities regulators. Rep. Lauren Boebert (R-Col.) said Musk deserves a medal for his “patriotic and necessary” fight for free speech. In 2018 Musk tweeted that he had secured funding to take Tesla private at $420 a share ― a possible reference to the unofficial pot-smoking holiday of April 20. “Is Twitter dying?” he asked early Saturday morning. The decisions we make and how we execute is in our hands, no one else’s. Let’s tune out the noise, and stay focused on the work and what we’re building.” Over the weekend, Musk unloaded a series of sharply barbed tweets at the company. Such a stake gives him leverage over the company moving forward; if he decided to sell his shares, it could send the company’s stock price sharply lower. While Musk is a prolific Twitter user with more than 80 million followers, he also is a frequent critic: In late March, he’d suggested in a tweet that he was considering launching his own social media company. He went on to question Twitter’s most popular users, its San Francisco headquarters and its process for authenticating accounts. But since his investment, he has come to “realize the company will neither thrive nor serve this societal imperative in its current form. Twitter needs to be transformed as a private company.”

Analysis: Musk's past musings about Twitter show desire to reshape essence of its business model.

Last week he asked users if they wanted an edit button to rewrite posts after launching, prompting the company to confirm it was working on such a function anyway. “What should be done?” He has declared himself a “free speech absolutist” and, in that context, the Twitter-banned former US president Donald Trump must be hoping Musk’s bid succeeds. Given Twitter’s pivotal role in shaping the news and political agenda on both sides of the Atlantic, its ownership is a sensitive issue, particularly if it is about to be placed in the hands of an entrepreneur with a $260bn fortune. In March he tweeted a poll asking users whether the site adhered to the principle of free speech. Change is on the cards if he succeeds. Musk has a lot of money and a 9.2% stake, giving him a strong position as the Twitter board – which he declined to join at the weekend – ponders its next move.

Musk's offer comes after the Tesla and SpaceX CEO became Twitter's largest shareholder. Musk says he will unlock Twitter's potential.

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Elon Musk is offering to buy Twitter, just days after the Tesla CEO said he would no longer be joining the social media company's board of directors. Twitter said in a regulatory filing on Thursday that Musk, who currently owns slightly more than 9 per ...

Elon Musk is offering to buy Twitter, just days after the Tesla CEO said he would no longer be joining the social media company's board of directors.

But Musk backed out of the deal. That didn't happen but the tweet caused Tesla's stock price to jump. After Musk announced his stake, Twitter quickly gave Musk a seat on its board on the condition that he not own more than 14.9 per cent of the company's outstanding stock, according to a filing. "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 says in the filing. Musk left a few clues on Twitter about his thinking, such as by "liking" a tweet that summarised the events as Musk going from "largest shareholder for Free Speech" to being "told to play nice and not speak freely". Twitter said in a regulatory filing on Thursday that Musk, who currently owns slightly more than 9 per cent of its stock and is the company's biggest shareholder, provided a letter to the company on Wednesday that contained a proposal to buy the remaining shares of Twitter that he doesn't already own.

Twitter revealed in a securities filing Thursday that Musk has offered to buy the company outright for more than $43 billion, saying the social media platform “ ...

“It won’t be perfect," he said, but there should be a perception and reality that speech is “as free as reasonably possible.” The decision coincided with a barrage of now-deleted and not-always-serious tweets from Musk proposing major changes to the company, such as dropping ads — its chief source of revenue — and transforming its San Francisco headquarters into a homeless shelter. Jacob Frenkel, a former SEC enforcement attorney now with the Dickinson Wright law firm in Washington, said it is difficult to prove an investor’s intent in disclosure cases. A lawsuit filed Tuesday in New York federal court alleged Musk illegally delayed disclosing his stake in the social media company so he could buy more shares at lower prices. It likely will negotiate, seeking a higher price per share, or it may want provisions to ensure that the board remains independent of Musk, said John Coffee, a professor at Columbia University’s law school and head of its corporate governance center. Even then, Musk could still take over the company with a proxy fight by voting out the current directors. “I could technically afford it,” he said to laughs. The billionaire has been a vocal critic of Twitter, mostly over his stated belief that it falls short on free-speech principles. Just over 51% of his stake already is pledged as collateral, according to a Tesla proxy statement. “I wouldn’t personally be in there editing tweets," he said, “but you would know if something was done to promote, demote or otherwise affect a tweet.” Since it burst onto the scene in 2006, Twitter has been home to flourishing social and political commentary, shared news, scandal gossip, cat memes and dress color arguments. “I now realize the company will neither thrive nor serve this societal imperative in its current form.”

Tesla CEO Elon Musk is offering to buy 100 percent of the company in an updated 13D filing. He's offering $54.20 per share in cash.

My offer is my best and final offer and if it is not accepted, I would need to reconsider my position as a shareholder. The will he / won’t he buy Twitter saga began in earnest when it became clear, just ten days ago, that the world’s richest man purchased a 9.2 percent stake in the company. Musk says Twitter must go private to undergo changes that need to be made. Twitter shares are up over 13 percent pre-market on the news. Tesla shares are down 1.5 percent on fears that Twitter’s number one fan — who already leads Tesla, SpaceX, The Boring Company, and Neuralink — might become distracted by his new pet. I will unlock it.”

Elon Musk has offered to buy the rest of Twitter Inc. in a deal valuing the social-media company at more than $43 billion.

My offer is my best and final offer and if it is not accepted, I would need to reconsider my position as a shareholder. a. There will be more detail in our public filings. Elon Musk has offered to buy Twitter Inc. in a deal valuing the social-media company at more than $43 billion. As I indicated this weekend, I believe that the company should be private to go through the changes that need to be made. change in the public market, I would need to reconsider my position as a shareholder. 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.

Billionaire founder of Tesla launches hostile bid for the social media company, saying it "needs to be transformed."

There will likely be extra scrutiny on hitting these targets if the board rejects Mr. Musk's offer," the analysts said in a report. In his offer, Musk also hinted that he may want to change how Twitter operates. "There will be host of questions around financing, regulatory, balancing Musk's time (Tesla, SpaceX) in the coming days but ultimately based on this filing it is a now or never bid for Twitter to accept." As Twitter's largest shareholder, Musk had been expected to push the company on issues of free speech, a topic on which he's been outspoken. He also said he would "reconsider" his investment in the company if his offer was rejected. "However, since making my investment I now realize the company will neither thrive nor serve this societal imperative in its current form."

The billionaire executive recently became one of the company's largest shareholders. Now he says he wants to buy the whole thing and change how it handles ...

Just hours after confirming his bid to buy Twitter, Musk spoke on takeover plans and railed against the SEC.

The world's richest man has invented a new way to disregard the truth.