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ELON MUSK OFFERS $43 BILLION TO BUY TWITTER

 The world's number one billionaire Elon Musk wants to buy Twitter Inc. for $43-Billion as he is willing to pay $54.2 per share to buy 100% of 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," Elon Musk wrote in an email to Bret Taylor, Twitter's chairman of the board and Saleforce co-chief executive.




“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,” he added.



Currently, Twitter shares are currently in the trading at $50.97 per share, the most high stakes clash yet between Musk and the social media platform.




In April 4, Musk became Twitter's largest shareholder after the company confirmed that the billionaire had acquired a significant stake in the social network by purchasing a 9.2% share of the company.

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