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Elon Musk makes offer to buy 100 percent of Twitter

Elon Musk made an offer to buy Twitter.

On Thursday morning, Pat Gray discussed Elon’s move toward purchasing 100 percent of the social media platform. In the tweet, Musk wrote:

“Bret Taylor

Chairman of the Board,

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.

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.

Twitter has extraordinary potential. I will unlock it.”

I made an offer https://t.co/VvreuPMeLu
— Elon Musk (@elonmusk) April 14, 2022

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