Elon Musk Makes A Massive $43 billion Deal To Buy Twitter

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Do you believe Twitter will be sold? The offer appears to be attractive.

Elon Musk, Tesla’s CEO, has made a bid to purchase Twitter, a microblogging and social media network, for $43 billion. 

On Thursday, Musk revealed the offer in a filing with the Securities and Exchange Commission.

The billionaire will pay 54.20 per share in cash, a 54 percent premium over the closing price on January 28 and a total value of $43 billion.

Musk stated in a letter to Twitter’s board of directors that he feels Twitter “will neither thrive nor serve [its free speech] societal imperative in its current form. Twitter needs to be transformed as a private company.”

On April 4, Musk revealed that he had a 9% share in Tesla.

The 50-year-old conducted a poll on March 24, to determine whether Twitter’s algorithm should be open source.

Later, Musk inquired about Twitter’s adherence to the principle of free speech.

Musk inquired if a new networking site was needed after the majority said no, revealing that he was considering launching his own. 

What can I say except that he has a well-thought-out business strategy. 

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