Elon Musk who offers to buy 100% of Twitter for $43 Billion in cash

[BREAKING] - Elon Musk Offers to buy 100% of Twitter in Cash ($43B)

Breaking - Elon Musk offers to buy 100% of the equity shares in Twitter after he purchased 9% of the business on April 4, 2022.

Twitter shares jumped 12% in premarket trading after closing at $45.85 a share on Wednesday. Musk tapped Morgan Stanley as a financial advisor, according to the filing. Elon stated:  “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.  According to Musk, the social media company needs to go private because it can “neither thrive nor serve” free speech in its current state.

As a result, Elon Musk offered to buy Twitter for $54.20 a share, saying the social media company needs to be transformed privately, a little over a week after first revealing a 9.2% stake in the company. Musk’s offer values Twitter at around a $43 billion valuation.

Elon left the Ultimate Ultimatum that could determine the future of Twitter  --  “My offer is my best and final offer and if it is not accepted, I would need to reconsider my position as a shareholder.” 

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