Elon Musk wants to buy Twitter for over $40bn

But investors doubt the sincerity of the bid and its benefits


AS TWEETS GO “I made an offer” seems relatively unexciting. But when the offer in question is from Elon Musk to buy Twitter, the social-media platform itself, that is a different matter. On April 13th the boss of Tesla and SpaceX made a cash offer of $54.20 a share, valuing the firm at $43.4bn. The bid is a third higher than Twitter’s price when Mr Musk first revealed that he had . His plaintive tweet raises another barrage of questions about the future of Twitter and the world’s richest man.Mr Musk set out his reasoning in a filing with the Securities and Exchange Commission, America’s main financial regulator. He believes that Twitter has “potential to be the platform for free speech” which he sees as a “societal imperative”. Achieving this and letting the company thrive requires it to be taken private, he reckons. Mr Musk signed off the filing by saying: “Twitter has extraordinary potential. I will unlock it.” He later said that he was not in it for profit but the public interest in maintaining a “de facto town square”.

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