Education

Elon Musk offers to buy Twitter for $41 billion

By New York Post

Elon Musk has launched a $41 billion bid to buy Twitter, saying the proposed deal is part of his plan to bring “free speech around the globe.”

Musk’s offer price of $54.20 per share, which comes just days after he rejected a seat on the social media company’s board, represents a 38% premium to Twitter’s April 1 close, the last trading day before the Tesla CEO’s more than 9% stake in the company was made public.

Twitter’s shares jumped 12% in premarket trading.

“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 to Twitter Chairman Bret Taylor.

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Categories: Education, Tech Censorship

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